Seems there's a fair amount of disquiet amongst retail holders about how NAB handled this cap raise. And rightly so given the double whammy dilution of their holdings without compensation. Yes we've been stung: once by the size of the insto raise compared with our retail offer and again by the scaleback of the retail.
NAB isn't the only guilty party in the recent cap raises but its been outstanding....
If you feel strongly about this can i suggest you contact NAB's shareholder centre directly (don't bother with computershare as you'll end up in the Philippines).
Here's some detail
Retail Shareholder Services
Nicki Papadopoulos, Head of Shareholder Services
Phone: +61 (03) 8634 2366
Lachlan Greer, Senior Analyst
Phone: +61 (03) 8634 8507
[email protected]
or if you really want needle them go here
Institutional Investor Relations
Group Investor Relations
Level 28, 255 George Street
Sydney NSW 2000
Australia
[email protected]
+61 (02) 9237 9510
And finally, vote your shares at the next AGM...
Cheers
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