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BRIEF-Westpac Completes $2 Bln Institutional Placement

Published 05/11/2019, 08:16 am
Updated 05/11/2019, 08:21 am
© Reuters.  BRIEF-Westpac Completes $2 Bln Institutional Placement
WBC
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Nov 5 (Reuters) - Westpac Banking Corp WBC.AX :

* COMPLETES $2 BILLION INSTITUTIONAL PLACEMENT

* TRADING HALT IS EXPECTED TO BE LIFTED PRIOR TO MARKET OPENING ON NOV 5

* ABOUT 79 MILLION NEW FULLY PAID ORDINARY SHARES IN WESTPAC AT PRICE OF $25.32 PER SHARE WILL BE ISSUED UNDER PLACEMENT

* NEW SHARES ISSUED UNDER PLACEMENT WILL NOT BE ENTITLED TO RECEIVE 2019 FINAL DIVIDEND OF 80 CENTS PER SHARE Source: Further company coverage: WBC.AX

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