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. 


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