ANZ paid the 2020 Final Dividend of 35 cents per ordinary share on 16 December 2020.
The 2020 Final Dividend was fully franked for Australian tax purposes.
New Zealand imputation credits of NZ 4 cents per ordinary share were also attached to all cash dividend payments and to the Dividend Amounts relating to all ordinary shares that participated in the Dividend Reinvestment Plan (DRP) with respect to the 2020 Final Dividend (franking credits and New Zealand imputation credits were not attached to ordinary shares that participated in the Bonus Option Plan (BOP)).
The Record Date for the 2020 Final Dividend was 10 November 2020 and the last date for making DRP, BOP and Foreign Currency elections was 11 November 2020.
ANZ has a policy that all dividends payable to shareholders in Australia, New Zealand or the United Kingdom will be paid by direct credit to their nominated financial institution accounts (excluding credit card accounts).
Subject to having received effective contrary instructions from the shareholder, the 2020 Final Dividend paid to shareholders with a registered address in the United Kingdom (including the Channel Islands and the Isle of Man) or New Zealand was converted to Pounds Sterling and New Zealand Dollars respectively at an exchange rate calculated on 13 November 2020.
For those shareholders who received payment of the 2020 Final Dividend in Pounds Sterling or New Zealand Dollars, the exchange rates used were AUD/GBP 0.551208 and AUD/NZD 1.058995 respectively.
ANZ offers both a Dividend Reinvestment Plan (DRP) and a Bonus Option Plan (BOP) as alternatives to receiving cash dividends on ANZ ordinary shares.
The Acquisition Price used in determining the number of shares provided under the DRP and BOP in connection with the 2020 Final Dividend was the arithmetic average of the daily volume weighted average sale price of all fully paid ANZ ordinary shares sold on ASX and Chi-X during the ten trading days commencing 13 November, and then rounded to the nearest whole cent but if the fraction is one half of a cent the amount was rounded down to the nearest whole cent. In order to be effective, election notices from ordinary shareholders wanting to commence, cease or vary their participation in the DRP or BOP for the 2020 Final Dividend must have been received by ANZ`s Share Registrar by 5.00 pm (Australian Eastern Daylight Time) on 11 November 2020.
As announced to the ASX on 27 November 2020, the Acquisition Price for the 2020 Final Dividend was AUD22.19.
If a Shareholder is considering making an election to participate in the DRP or BOP, it is very important to note the following:
- participation in the DRP and BOP is available only in respect of ANZ`s ordinary shares and will be subject to the applicable DRP and BOP Terms and Conditions - no other ANZ securities may participate; and
- if a shareholder makes an election to participate in the BOP and also a separate election to participate in the DRP, the BOP election will have priority over the DRP election to the extent there is any conflict.