Notice

Australia and New Zealand Banking Group Limited (ASX code: ANZ) – Implications of the proposed corporate restructure for ANZ Exchange Traded Options (ETOs)

What's this about:
  • ASX Market
  • Trading
  • Clearing
  • Settlement
  • Operations
  • Technology
  • Market Data
  • Compliance
  • Options & ETOs
  • Flexclear OTC
Notice reference number: 1423.22.12
Date published: 20/12/22
Effective as of: 16/12/22
Last updated: 16/12/22

On Thursday 27 October 2022, Australia and New Zealand Banking Group Limited (ASX code: ANZ) announced the proposed corporate restructure (subject to shareholders approval) of Australia and New Zealand Banking Group Limited (ASX code: ANZ) to become ANZ Group Holdings Limited (ASX code: ANZ). An update to the time schedule was released on 15 December 2022.

The allotment of Australia and New Zealand Banking Group Limited (ASX code: ANZ) securities to ANZ Group Holdings Limited (ASX code: ANZ) securities will be on a 1:1 basis.

The shareholder vote was held on Thursday 15 December 2022 and was approved. The underlying security for ANZ ETO will be changed to ANZ Group Holdings Limited from Australia and New Zealand Banking Group Limited on Wednesday 21 December 2022. ASX will not be adjusting ANZ ETOs contract size or strike levels. The option underlying security code will remain as ANZ including over the deferred settlement period.

Deferred trading of the new ANZ Group Holdings Limited securities will commence on Wednesday 21 December 2022 with normal trading commence from Wednesday 4 January 2023.

ANZ ETOs exercised from trade date 21 December 2022 until 30 December 2022 will have a deferred settlement period, settling on Friday 6 January 2023.

No Exercise restrictions will be placed on ANZ ETOs over this period.

What do I need to do by when?

To avoid the deferred trading period ANZ ETOs will need to be exercised prior to Wednesday 21 December 2022.

Need more information?

Issued by

Will Ward, Clearing Operations

Contact information

Will Ward
clearing@asx.com.au

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