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Showing 1 - 10 of 17 results for "SPP"

Magellan shareholders say yes to Barrenjoey takeover

RIDDHIMA TALWANI  |  MONDAY, 13 APR 2026
... long-term flexibility. He also addressed the disappointment among some shareholders on the scale-back in the share purchase plan (SPP) of $130 million to acquire an additional interest in Barrenjoey before the merger. The SPP was oversubscribed and demand ...

Magellan seeks $1m increase to director fees

ANDREW MCKEAN  |  TUESDAY, 15 NOV 2022
... said. In addition, the explanatory notes stated directors on the board historically participated in a Share Purchasing Plan (SPP) loan program to create alignment with shareholders in lieu of market levels of fixed director fees. However, with the SPP ...

Pay cuts, dividend slashed as NAB raises capital

JAMIE WILLIAMSON  |  MONDAY, 27 APR 2020
... share placement at the fixed price of $14.15 per share and a non-underwritten share purchase plan of about $500 million. The SPP shares will be the lower of the $14.15 per share placement price and the volume weighted average price of NAB shares traded ...

ASX ups capital raise capacity

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
... entities either doing a follow-on accelerated pro rata entitlement offer or a placement followed by a share purchase plan (SPP) offer at the same or a lower price than the placement. "This is so that retail shareholders get to participate in the overall ...

Thousands exit Westpac raise

HARRISON WORLEY  |  WEDNESDAY, 11 DEC 2019
... had led the bank to offer investors an exit strategy, after it recognised some investors applied for participation in the SPP prior to AUSTRAC's allegations being revealed. AUSTRAC's allegations and the actions of the bank in the days following eventually ...

Macquarie Group raising $1bn

KANIKA SOOD  |  WEDNESDAY, 28 AUG 2019
... issue. It will also offer eligible shareholders the opportunity to participate in a non-underwritten share purchase plan (SPP) with a maximum application size of $15,000 per eligible shareholder. "We have continued to identify opportunities to invest ...

Platforms steady after Royal Commission

KANIKA SOOD  |  TUESDAY, 5 FEB 2019
Platforms at the big four banks, AMP and IOOF can breathe a sigh of relief after the Royal Commission's final report. Commissioner Kenneth Hayne did not recommend either structural separation or wider approved product lists. And this could slow ...

ANZ completes $720m capital raising

STAFF WRITER  |  MONDAY, 14 SEP 2015
... "It is pleasing to see that so many of our retail shareholders have taken up the opportunity provided to participate in the SPP offer," said ANZ chief financial officer Shayne Elliott. He added, "The vast majority of those retail shareholders participating ...

WAM Capital poised to pounce in mixed market

MARK SMITH  |  MONDAY, 17 AUG 2015
... reach 17,358. WAM Capital said investment performance and capital management initiatives, including a share purchase plan (SPP) and an oversubscribed placement, were attributed to the solid result. More than 8,800 existing shareholders invested $103.3 ...

WAM Capital announces $100m share purchase plan

STAFF WRITER  |  MONDAY, 12 JAN 2015
Listed investment company WAM Capital has announced a $100 million share purchase plan (SPP). The SPP will be offered to existing shareholders at the fixed price of $1.90 per share. Shareholders who participate in the offer will be entitled to the 7.0 ...
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