Bank of Queensland Completes Share Purchase Plan

  • Bank of Queensland Limited (ASX: BOQ) has announced the completion of the Share Purchase Plan after closing of the SPP on Friday 20, December 2019 (at 5.00 pm, Sydney time). 
  • The Share Purchase Plan (SPP) was announced by the bank in conjunction with its wholly underwritten institutional placement worth $250 million.
  • Under the SPP nearly $89.7 million was raised with approximately 12.3 million ordinary shares to be issued at an issue price of $7.27 per Share, this represents a discount of 2% to the VWAP of BOQ shares traded on ASX between 16 December 2019 and 20 December 2019. 
  • All valid applications from eligible shareholders would be received by bank in full without any scale back. Bank of Queensland anticipates the Shares to be issued on Thursday, 2 January 2020 and to initiate trading on Australian Securities Exchange (ASX) on Friday, 3 January 2020. 

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK