BOQ announces SPP final price

Bank of Queensland today announced that shareholders who took part in its recent Share Purchase Plan (SPP) would purchase their take-up at $10.37 a share.


A total of 35 percent of shareholders took up the opportunity to take part in the SPP, which was oversubscribed by 25 percent.


The Bank raised more than $50 million and Directors have decided not to scale back shareholder applications to the previously announced target of $40 million in new capital.