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- Release Date: 04/06/13 12:25
- Summary: GENERAL: BNZ: NAB on-market purchase of up to $300m shares for the DRP
- Price Sensitive: No
- Download Document 2.2KB
BNZ
04/06/2013 10:25
GENERAL
REL: 1025 HRS Bank of New Zealand
GENERAL: BNZ: NAB on-market purchase of up to $300m shares for the DRP
National Australia Bank (NAB) has announced its intention to arrange the
purchase of up to $300m of its ordinary shares on-market to be allocated to
participants under the Dividend Re-investment Plan (DRP) for the 2013 Interim
Dividend. This will partially satisfy requirements under the DRP, with the
remainder of the allocation for the DRP and the Bonus Share Plan (BSP)
satisfied by the issuance of new shares.
NAB Executive Director Finance Mark Joiner said, "NAB has a strong balance
sheet and capital position and it is appropriate on this occasion to
partially neutralise the dilutive impact of the DRP."
In addition, NAB today announced the modification of the "Pricing Period"
applying to the DRP and BSP for the 2013 Interim Dividend, which will now be
a period of 10 trading days,commencing on 6 June 2013.
The other settings announced by NAB on 9 May 2013 will apply unmodified to
the DRP and the
BSP:
- in the case of the DRP, the last election date will be at 5:00pm
(Australian Eastern Standard Time - Melbourne time) on 5 June 2013;
- in the case of the BSP, the last date to withdraw or vary participation
will be at 5:00pm
(Australian Eastern Standard Time - Melbourne time) on 5 June 2013;
- there will be no limit on the number of shares that may participate; and
- no discount will be applied in determining the "Current Market Price".
Other important information
Shareholders who wish to change or vary the way they currently receive
dividends, must notify the Share Registry by no later than 5.00pm (Australian
Eastern Standard Time - Melbourne
time) on Wednesday, 5 June 2013 in one of the following ways:
- online by visiting www.computershare.com.au/easyupdate/nab;
- email your request to [email protected];
- telephone NAB's Share Registry on 1300 367 647 (Australia) or +61 3 9415
4299
(outside Australia); or
- by mail addressed to NAB's Share Registry, GPO Box 2333, Melbourne
Victoria, 3001 Australia.
Full details of NAB's Dividend Package is available at
www.nabgroup.com/dividendinformation
End CA:00237010 For:BNZ Type:GENERAL Time:2013-06-04 10:25:46
