Bendigo and Adelaide Bank - Share Purchase Plan
On 29 September 2016, Bendigo and Adelaide Bank Limited (BEN) announced that it had agreed to purchase approximately $1.35 billion of standard residential home loans from Keystart Housing Scheme Trust by equitable assignment and that it intended to undertake a non-underwritten Share Purchase Plan (SPP).
The offer to participate in the SPP opened on 10 October 2016, and will remain open until 5.00pm (AEST) on 21 October 2016. BEN dispatched SPP offer documents to eligible shareholders on 10 October 2016. Eligible shareholders are those persons registered as ordinary shareholders as at 7pm (AEST) on 28 September 2016 who reside in Australia or New Zealand.
Eligible shareholders are able to apply for up to $7,500 of shares at an issue price equal to a 2.5% discount to the volume weighted average price of BEN shares traded on the ASX for the 5 trading days ending on (and including) 21 October 2016, the closing date of the SPP offer.
If you have any queries in relation to the SPP, please call the SPP Information Line on 1300 732 712 (within Australia) or +61 2 9290 9690 (outside Australia) Monday to Friday, 8.30am to 5.30pm (Victorian time) or contact your professional adviser."