ANZ's Non-Operating Holding Company
ANZ Group Holdings Limited is an authorised non-operating holding company under the Australian Banking Act.
Please note that the Scheme of Arrangement to establish a Non-operating holding company voted on at the 2022 Scheme Meeting has now become effective
You may find the FAQ section of the 2022 Explanatory Memorandum (Scheme Booklet) helpful (document available under the 'documents' section on this page).
Now that the Scheme has become legally effective there are some transition activities that take place – you do not need to take any action. Eligible ANZ shareholders will receive one ANZ NOHC share for each ANZ share they hold.
- ANZ shares were suspended from trading on the ASX and NZX at close of trading on 20 December 2022
- ANZ Group Holdings Limited (ANZ NOHC) shares commenced trading on the ASX on a deferred settlement basis on 21 December 2022.
- ANZ NOHC shares entered into a trading halt on the NZX on 21 December 2022.
- ANZ regulatory capital securities (including ANZ’s hybrid securities) quoted for trading on the ASX commenced trading under their new ASX codes on a deferred settlement basis on 21 December 2022
- Eligible ANZ shareholders will receive ANZ NOHC shares on the implementation date of 3 January 2023
- Normal trading of ANZ NOHC shares on the ASX (ASX: ANZ) and NZX (NZX: ANZ) will commence on 4 January 2023.
ANZ's non-operating holding company additional information
In May 2022, ANZ announced its intention to lodge a formal application to establish a non-operating holding company and create distinct banking and non-banking groups within the organisation to assist ANZ to better deliver its strategy to strengthen and grow its core business further.
This proposal has since been approved by Australian banking regulator the Australian Prudential Regulatory Authority, the New Zealand banking regulator Reserve Bank of New Zealand, the Australian Federal Treasurer, ANZ shareholders and the Federal Court of Australia.
ANZ will now establish a non-operating holding company named ANZ Group Holdings Limited as the new listed parent holding company of the ANZ Group and will separate ANZ’s banking and certain non-banking businesses into the ANZ Bank Group and ANZ Non-Bank Group.
- The ‘ANZ Bank Group’ will comprise the current Australia and New Zealand Banking Group Limited and the majority of its present-day subsidiaries.
- The ‘ANZ Non-Bank Group’ will house banking-adjacent businesses developed or acquired by the ANZ Group, as we continue to seek ways to bring the best new technology and banking-adjacent services to our customers
This structure is consistent with how many financial institutions around the world are structured and will provide ANZ with greater flexibility and the potential to create additional value for shareholders over time. There will be no impact on customers and no change to how ANZ’s existing banking operations are regulated.
Please contact the ANZ Share Registry or visit ASX Announcements for further information.