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ANZ proposes to pay a fully franked 2008 Interim Dividend of 62 cents per ordinary share on 1 July 2008.
ANZ has also revised the Record Date for the 2008 Interim Dividend. The new Record Date is 14 May 2008 (5.00pm Melbourne time), and therefore the relevant dates for the 2008 Interim Dividend are:
- Ex-Date: 8 May 2008
- Record Date: 14 May 2008
- Payment Date: 1 July 2008
ANZ offers both a Dividend Reinvestment Plan (DRP) and a Bonus Option Plan (BOP) as alternatives to receiving cash dividends.
ANZ has announced that the balance of the 2008 Interim Dividend not reinvested by shareholders in the DRP or foregone by shareholders under the BOP will be fully underwritten.
In connection with the underwriting of the 2008 Interim Dividend, a number of changes have been made to the DRP and BOP terms and conditions, some to ensure consistency with the terms of the underwriting agreement. The major change, which is effective for the 2008 Interim Dividend only, relates to the calculation of the Acquisition Price under the DRP and BOP terms and conditions as follows:
The Acquisition Price set in order to calculate the number of shares to be allotted under the DRP and BOP, will be the arithmetic average of the daily volume weighted average sale price of all ANZ shares sold on the Australian Securities Exchange (ASX) in the ordinary course of trading on the ASX during the fifteen trading days commencing on and including 20 May 2008, less a 1.5% discount.
The Acquisition Price for the 2008 Interim Dividend will be announced once it is set.
Details of all the changes to the DRP and BOP terms and conditions are set out in the announcement attached at the bottom of this page.
ANZ has a policy that all dividends payable to shareholders in Australia, New Zealand or Great Britain will be paid by direct credit to their nominated financial institution account.
For those shareholders who will receive payment of the 2008 Interim Dividend in New Zealand Dollars or Pounds Sterling, the AUD/NZD and AUD/GBP exchange rates that will be used will be set at the close of business on 16 May 2008.
Dividend Donations to Charity
ANZ offers a Dividend Charity Donation Program, enabling ANZ shareholders who are Australian resident taxpayers to donate some or all of their ANZ cash dividends to one of a number of charities.
Further details about ANZ dividends, the DRP and BOP, and the Dividend Charity Donation Program can be found below in the Shareholder Alternatives Booklet.
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