ANZ has announced the implementation of a scheme of arrangement to establish ANZ Group Holdings Limited (ANZ NOHC) as the new listed parent company of the ANZ group. This change took effect on January 3, 2023.
Under this scheme, eligible ANZ shareholders have received one share in ANZ NOHC for each share they previously held in ANZ. The number of shares held by these shareholders remains unchanged. However, foreign shareholders deemed ineligible did not receive shares in ANZ NOHC. Instead, they will receive cash from the sale of their attributable shares by a designated sale agent. A total of 1,838,105 shares are set to be sold for these ineligible foreign shareholders.
It is anticipated that on January 4, 2023, normal trading of ANZ NOHC shares will begin on both the ASX and NZX exchanges. Additionally, regulatory capital securities quoted for trading on the ASX will start trading under new ASX codes.
The familiar 'ANZ' code will continue to represent ANZ NOHC shares on both exchanges. These shares also retain the same ISIN as before the scheme's implementation (AU000000ANZ3).
The table below outlines changes to ASX codes for certain regulatory capital securities:
- ANZ Capital Notes 3: Old Code - ANZPF; New Code - AN3PF
- ANZ Capital Notes 4: Old Code - ANZPG; New Code - AN3PG
- ANZ Capital Notes 5: Old Code - ANZPH; New Code - AN3PH
- ANZ Capital Notes 6: Old Code - ANZPI; New Code - AN3PI
- ANZ Capital Notes 7: Old Code - ANZPJ; New Code - AN3PJ
Following this development, an internal business restructure is planned to separate banking and certain non-banking operations into two distinct groups within the organization.
For more details about this transition and its implications for shareholders, further information is available at www.anz.com/shareholder/centre/.