ASIC Hits ANZ with Civil Charges over $2.5 Billion Share Sale

Moderator: moderators

kreslik.news
rank: 10000+ posts
rank: 10000+ posts
Posts: 12980
Joined: Thu Jan 14, 2016 9:36 am
Reputation: 2
Gender: None specified

ASIC Hits ANZ with Civil Charges over $2.5 Billion Share Sale

Postby kreslik.news » Thu Sep 13, 2018 5:53 pm


The Australian Securities & Investments Commission (ASIC) has filed charges against ANZ Bank, the nation’s third-largest lender, part of a groundbreaking legal case that relates to its $2.5 billion share placement in 2015 and the non-disclosure of material information to all shareholders.

The charges centre around the placement of 80.8 million shares at $30.95 each and the lack of disclosure that 25 million of these went to two of the three joint lead managers.

[url=https://events.financemagnates.com/londonsummit/?utm_source=FM&utm_medium=AUTOLINK&utm_campaign=Article&utm_content=fmls18]Join the Leading Industry Event![/url]

The Melbourne-based lender, plus its two investment banks Citi and Deutsche Bank, are being sued in a related case ... (read more)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Return to “news”