WBC westpac banking corporation

Ann: Westpac Completes Share Purchase Plan, page-4

  1. 10 Posts.
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    This is a good result.

    As per the Share Purchase Plan Booklet (aka the retail offer) "Westpac is targeting to raise approximately A$500 million under the SPP". In other words it was oversubscribed by retail investors and they accepted the full $700m.

    In addition to the SPP, Westpac already announced on the 5th of November that the institutional placement successfully raised $2bn at $25.32 per share.


 
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