To date Bank of Queensland has held three capital raisings:
Perpetual Equity Preference Shares - 2007
On Friday, 14 December 2007, Bank of Queensland (BOQ) announced that the offer of BOQ Perpetual Equity Preference Shares (BOQ PEPS) that closed on 10 December 2007 was heavily oversubscribed. As a result, BOQ exercised its option to raise A$50 million in oversubscriptions and, therefore, raised A$200 million of new capital. The proceeds of the offer of BOQ PEPS increased BOQ’s Tier 1 capital and will be used to fund further growth of its business.
Allocation Policy
Valid Applications in the Shareholder Priority Offer were allocated 100% of their Applications up to $10,000 and 34.16% of the balance, rounded to the nearest whole BOQ PEPS.
Valid Applications in the General Offer were not allocated any BOQ PEPS.
Valid Applications under the Broker Firm Offer and the Institutional Offer were accepted in full.
BOQ PEPS are trading on the ASX under the ASX code of BOQPC.
Syndicate
ABN AMRO Rothschild acted as Structuring Adviser to the offer of BOQ PEPS. ABN AMRO Rothschild and Macquarie Equity Capital Markets acted as Joint Lead Managers and Underwriters.
ABN AMRO Morgans and Macquarie Equities Limited acted as Co-Managers to the offer of BOQ PEPS.
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Share Purchase Plan – 2004
The 2004 Share Purchase Plan (SPP) offer was part of the Bank’s continuing program to actively manage its capital base to fund future growth.
The offer gave shareholders the opportunity to subscribe for up to $5000 worth of new Bank of Queensland shares at $10.37 a share.
Subject to the terms of the offer, all shareholders who were on the register as at 8 November 2004 were eligible to apply.
A total of 35% of shareholders took up the opportunity to take part in the SPP, which was oversubscribed by 25%.
The Bank raised more than $50 million and Directors decided not to scale back shareholder applications to the previously announced target of $40 million in new capital.
The table below provides examples of allotments for applications in multiples of $1000.
Allotment Value | Shares Allotted |
$1000 | 97 |
$2000 | 193 |
$3000 | 290 |
$4000 | 386 |
$5000 | 483 |
Allotment advices were despatched to all SPP participants in December 2004.
View 2004 offer document (PDF 182kb)
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Share Purchase Plan – 2003
Bank of Queensland shareholders who took part in the 2003 Share Purchase Pan (“SPP”) received their full allocations following a successful capital raising of $24.7 million to fund the Bank’s ongoing growth.
The offer allowed existing shareholders the opportunity to subscribe for up to $5000 worth of new Bank of Queensland shares at $8.62 a share.
Subject to the terms of the offer, all shareholders who were on the register as at 9 May 2003 were eligible to apply.
The offer was taken up by 25% of the Bank’s shareholders.
The table below provides examples of allotments of applications in multiples of $1000.
Allotment Value | Shares Allotted |
$1000 | 117 |
$2000 | 233 |
$3000 | 349 |
$4000 | 465 |
$5000 | 581 |
Allotment advices were despatched to all SPP participants in June 2003.
View 2003 offer document (PDF 147kb)
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