ANZ acknowledges appeal decision in relation to 2015 Institutional Equity Placement

ANZ today acknowledged the decision of the Full Federal Court of Australia dismissing ANZ’s appeal regarding the bank’s fully underwritten institutional share placement in August 2015.

The Federal Court had earlier found that ANZ should have notified the ASX of the joint-lead managers’ take-up of shares in the placement. ANZ appealed to the Full Federal Court in December 2023.

ANZ lodged the appeal as it believed financial market participants would benefit from further guidance from the Full Federal Court.

ANZ is reviewing the judgment. 

ANZ has been ordered to pay ASIC’s costs of the appeal. The appeal decision otherwise has no financial impact.

A civil penalty of $900,000 was imposed on ANZ by the Federal Court of Australia on 8 December 2023.

Approved for distribution by ANZ’s Continuous Disclosure Committee

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