Bank of Australia ("CBA") announced a pro rata renounceable entitl
ment offer
("Entitlement Offer"), which allowed eligible shareholders to buy new CBA ordinary
shares ("New Shares") at an offer
rice of $71.50 per New Share.
On Monday, 17 August 2015, CBA announced the successful completion of the institutional component of the Entitlement Offer, which ra sed $2.1 billion.
CBA now announces the successful completion of the bookbuild ("Retail Bookbuild") for the retail component of the Entitlement Offer ("Retail Entitlement Offer"). When the Retail Entitlement Offer, including the Retail Bookbuild, is combined with the
institutional entitlement offer, CBA has in total raised $5.1 billion.
Group Chief Financial Officer, David Craig said: "We would like to t
ank our
shareholders who, despite the recent market volatility, have provided both broad and deep support for our capital raising. This places the Commonwealth Bank of Australia
as one of the strongest capitalised banks in the world."
CBA ordinary shares are expected to resume trading on ASX from market open today.
Result of the retail bookbuild
Entitlements not exercised by eligi institutional shareholders were sol
le retail shareholders and entitlements of ineligible in the Retail Bookbuild. The clearing price was
$73.50 per New Share (being the offer price of $71.50 per share, plus $2.00 per entitlement). Eligible retail shareholders who elected not to exercise their entitlements,
and ineligibl
retail shareholders,
ill receive $2.00 in cash for each entitlement sold in
the Retail Bookbuild, less expenses and any applicable withholding
ax.
The close of the Retail Entitlement Offer, including the Retail Bookbuild, represents the completion of the Entitlement Offer. New Shares to be issued as part of the Retail Entitlement Offer (including those subject to the Retail Bookbuild) are expected to be issued on Friday, 18 September 2015 and to commence trading on ASX on Monday,
21 September 2015.
Commonwealth Bank of Australia | ACN 123 123 124
New Shares issued under the Retail Entitlement Offer will not receive the dividend for the full year ended 30 June 2015. New Shares will rank equally with existing CBA ordinary shares in all other respects.
General Manager Communications
Head of Capital and Re
Phone: +61 (2) 9118 6919 media@cba.com.au
Phone: +61 (2) 9118 1319 tricia.ho-hudson@cba.com.au
I portant information
T is announcement does not constitute an offer to sell, or the solicitation of an offer to buy, any s ecurities in the United States. Neither the entitleme ts issued under the entitlement offer ("Entitlements") nor the New Shares have been, or will be, registered under the U.S. Securities Act of 1933, as amended (the
"Securities Act") or the securities laws of any state or other jurisdiction of the United States.
Accordingly, the Entitlements may not be i sued to, purchased or traded by, or taken up or exerc ised by,
ares may not be offered or sold to persons in the United States or persons acting for the
fit of a person in the Unite
States, unless such Entitlements or New Shares hav e been
registered under the Securiti
s Act, or are offered and sold in a transaction exempt from, or not s ubject to,
the registration requirements of the Securities Act and applicable U.S. state securities laws.
Neither this announcement nor any other documents relating to the offer of Entitlements or New Shares
may be sent or distributed to persons in the United States.
Commonwealth Bank of Australia | ACN 123 123 124
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