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Bank of Queensland Announces Opening Of SPP

03 Dec 2019  |  11:04:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: BOQ Share Purchase Plan Opens

Bank of Queensland announced opening of The Share Purchase Plan (SPP) announced on 25 November 2019. Eligible Company shareholders can apply for up to $30,000 of new FPO shares (Shares) without incurring brokerage or transaction costs. The SPP will also be offered to eligible custodians to participate in the SPP on behalf of certain eligible beneficiaries. The SPP follows the institutional placement (Placement) completed on 26 November 2019. The Company is targeting to raise $25m under the SPP and depending on demand may scale back applications or issue a higher amount, at its absolute discretion. The SPP offer is expected to close on 20 December 2019.

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