Announcement Details/Table Section :
We wish to announce that the ANZ-C2 expired at 5.00 p.m. on 29 June 2012 (“Expiry Date”) and the Cash Settlement Amount shall be calculated as below.
Cash Settlement Amount | = | Number of ANZ-C2 x (Closing Price – Exercise Price) x 1/Exercise Ratio x Settlement Exchange Rate |
| = | Number of ANZ-C2 x (AUD21.3920 – AUD23.00) x (1/50) x 3.1730 |
Where:
a) | Closing Price | - | AUD21.3920, being the average closing price of the ordinary shares of ANZ on the Australian Securities Exchange for the 5 market days prior to and including the market day immediately before the Expiry Date
|
b) | Settlement Exchange Rate | - | 3.1730, being the rate of exchange between Australian Dollar and Ringgit Malaysia based on Malayan Banking Berhad’s published opening rate for Buying TT on the market day immediately before the Expiry Date i.e. 28 June 2012 |
As the Cash Settlement Amount is less than zero, warrantholders will not be entitled to receive any payment from us and all outstanding and unexercised ANZ-C2 will cease to be valid and all our obligations in respect of the ANZ-C2 shall terminate absolutely.
This announcement is dated 29 June 2012.