ANZ shareholders have voted in favor of a scheme of arrangement to establish ANZ Group Holdings Limited as the new listed parent company. This move will separate ANZ's banking and certain non-banking businesses into two groups.
According to ASX Listing Rule 3.13.2 and section 251AA of the Corporations Act 2001, ANZ stated that the resolution to approve the Scheme was passed by the necessary majorities at a meeting held earlier today under orders from the Federal Court of Australia on October 26, 2022.
"90.62% of ANZ shareholders present and voting (in person or by proxy) were in favour of the Scheme Resolution," and "99.17% of the votes cast by ANZ shareholders were in favour of the Scheme Resolution."
The bank will now seek court approval for the Scheme, with a hearing scheduled for December 19, 2022, instead of December 22 as initially planned. If approved, a copy of the court orders will be lodged with ASIC on December 20, making the Scheme legally effective.
Key dates related to this process are subject to change, with any updates to be announced on ASX.
Further details can be found on ANZ’s website at www.anz.com/shareholder/centre/.