Westpac is aiming to raise $500 million under the SPP. product providerWe cannot provide you with personal advice or recommendations
The final VWAP and the Issue Price per SPP Share determined in accordance with the SPP Terms and Conditions will also be available on the SPP Offer website following the Closing Date.Unless otherwise defined, capitalised words used in this announcement have the meaning given to them in the SPP Booklet.This announcement is not financial advice or a recommendation to either acquire SPP Shares or withdraw an Application to acquire SPP Shares that has been made under the SPP and has been prepared without taking into account the objectives, financial situation or needs of individuals. Westpac is also aiming to raise $500 million via a share purchase plan. So if you’re looking to get your finances on track and you’re in or near retirement – we’ve got you covered! Westpac and a number of Australia's major banks have been refunding customers who paid for services without receiving them, as revealed in the Banking Royal Commission. 620,000 Westpac shareholders will shortly be receiving an invitation via a share purchase plan (SPP) to buy more shares in Westpac.
The share purchase plan (SPP) opened on Tuesday, but to be eligible you need to have been a registered Westpac shareholder by 1 November, with the offer closing at 5pm, 2 December. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. As a current shareholder, you are able to purchase up to $30,000 worth of shares at the lesser of: • $25.32 per share; OR • 2% discount to the average price in the 5 business … Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Holding statements will be issued to successful applicants on 12 December 2019. "My experience is that many investors are too overweight the banks and they would have been better off on a total returns basis by having some reliable growth stocks in their portfolio such as the major health care names," said Gable.
Given the battering the banks have taken following what can only said to be a pretty poor set of profit results, the question many will have is: is now the right time to be investing in banks? However, we aim to provide information to enable consumers to understand these issues.Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. We provide tools so you can sort and filter these lists to highlight features that matter to you.We try to take an open and transparent approach and provide a broad-based comparison service. Before making an investment decision, investors should consider the appropriateness of the information contained in Westpac's 2019 Annual Report and previous disclosures on ASX having regard to their own objectives, financial situation and needs and seek such legal, financial and/or taxation advice as they deem necessary or appropriate to their jurisdiction. Refunds to Eligible Withdrawal Applicants must be for the full Application payment. Securities Act”) or the securities laws of any state or other jurisdiction of the United States. Westpac's ASX statement on Thursday said it was now providing a withdrawal option for shareholders who had applied for shares under a non-underwritten share purchase plan (SPP) launched on November 4 as part of a wider $2.5 billion capital raising. The cut to the dividend, and institutional placement and SPP has left the bank with an unquestionably strong capital position as well as a buffer for any regulatory changes and litigation that may emanate from the royal commission. Westpac Banking Corporation (“Westpac”) (ASX: WBC) advises that following discussions with ASIC, Westpac will provide a withdrawal option for SPP applicants who applied for Shares under the Share Purchase Plan (“SPP”) prior to the AUSTRAC announcement on 20 November 2019 (“Eligible Withdrawal Applicants”). Refunds for withdrawal requests and for invalid SPP Applications will be made as soon as practicable after the Issue Date.SPP Shares will rank equally with existing Westpac shares from their date of issue, noting that they will not be entitled to receive the 2019 final dividend, as the record date for the 2019 final dividend has already passed.Capitalised words used in this announcement have the meaning given to them in the SPP Booklet.This announcement is not an offer or an invitation to acquire SPP Shares or any other financial products and is not a prospectus, product disclosure statement or other offering document under Australian law or any other law. This information does not take your personal objectives, circumstances or needs into account. Accordingly, the SPP Shares may not be offered or sold, directly or indirectly, to any person in the United States, or to any person acting for the account or benefit of a person in the United States.Conditions, fees and charges apply.
The SPP Shares have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S.
Full details are available on request.
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