WBC Withdraws Resolutions from AGM, SPP Withdrawal Option Provided

  • Nov 28, 2019 AEDT
  • Team Kalkine

Westpac Banking Corporation (ASX: WBC) announced that following a discussion with ASIC, the Bank will provide a withdrawal option for SPP applicants who applied for shares under the Share Purchase Plan (SPP). The Eligible applicants may request to withdraw their application for SPP Shares by 5 pm (Sydney time) on Friday, 6 December 2019.

All other Terms and Conditions of the SPP, including key dates, remain unchanged.

The company also announced to withdraw Items 3 and 2(b) from the 2019 Notice of AGM. These resolutions related to the grant of equity to the Managing Director (MD) and Chief Executive Officer (CEO) respectively, and the re-election of Ewen Crouch AM as a Director.

The withdrawal of Items will not affect the validity of the proxy form attached to the 2019 Notice of AGM or any proxy votes already submitted on the other items of business.


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