Scooter5 has touched on this already...
Released this morning to the market, as per timetable in the Shareholder letter that was sent with the spp documentation:
4 March 2008
St.George Share Purchase Plan
St.George today announced the successful completion of its Share Purchase Plan (SPP).
Applications from around 19,360 shareholders were received in respect of $85.4 million in
application funds.
Each shareholder whose application has been accepted by St.George will be issued the full
number of shares they applied for.
The price of the shares is $24.72 per share, being 97.5% of the volume weighted average
price of shares sold on the ASX between 21 February and 27 February 2008 (inclusive).
The Chairman of St.George, Mr John Thame, thanked shareholders for their participation in
the SPP. "The response to the Share Purchase Plan is pleasing and I would like to thank
shareholders for their continuing support of the Bank," said Mr Thame.
On 7 March 2008, St.George will issue approximately 3,454,285 ordinary fully paid shares.
It is expected that confirmation statements and refund cheques will be posted to
shareholders by 13 March 2008. The new shares will commence trading on the ASX no
later than 14 March 2008, and will rank equally with existing ordinary shares and be eligible
to participate in all dividends.
If shareholders have any questions about the SPP or their application they should contact
the St.George Share Purchase Plan information line on 1800 804 457.
(Scooter....I'm glad it was not $27!)
Regards,
Snake13.
SGB
st george bank limited
