Other BOQ Securities

On 26 October 2020 Bank of Queensland Limited announced its intention to raise $200 million through the offer of Capital Notes 2, with the ability to raise more or less (Offer). The Securityholder Offer closed on 17 November 2020 and the Broker Firm Offer closed on 23 November 2020. Following strong investor demand, the size of the Offer was increased to $260 million.
The Capital Notes 2 were issued on 30 November 2020, and began trading on a normal settlement basis on the Australian Securities Exchange (ASX) on 1 December 2020 under the ASX code "BOQPF".

Capital Notes 2 are fully paid, unsecured, non-cumulative, perpetual, convertible notes which will pay, subject to the issue terms and BOQ's discretion, preferred floating rate quarterly distributions which are expected to be fully franked. Capital Notes 2 are capable of being recognised as Additional Tier 1 Capital of BOQ under APRA's Prudential Capital Requirements.

Full Terms and Conditions are contained in the Capital Notes 2 Prospectus. Note also the Capital Notes 2 Deed Poll.

BOQ redeemed the remaining BOQ PEPS on 15 April 2013 and as a result these instruments were removed from the official quotation on 16 April 2013.

BOQ PEPS are Perpetual Equity Preference Shares which entitled holders to discretionary, preferred, non-cumulative semi-annual floating rate dividends that were fully franked. The payment of dividends was subject to certain conditions including availability of profits and the Directors’ discretion.

Full Terms and Conditions of BOQ PEPS are contained in the Prospectus for the issue of BOQ Perpetual Equity Preference Shares (“BOQ PEPS”).

On 19 November 2012, BOQ released an Amendment to the PEPS Terms of Issue on the Australian Securities Exchange. Read the ASX release or the Amended PEPS Terms of Issue.

Reset Preference Shares (RePS) that were issued by BOQ are a form of hybrid capital. Full details are contained in the attached Terms and Conditions for Reset Preference Shares.

Resolutions were passed at the Special General Meetings on 1 August 2005 to alter the terms of non-cumulative Reset Preference Shares (RePS). Read the Information flyer and general implications for RePS Holders.

In accordance with the relevant terms and conditions, it was announced on 27 August 2010 that Bank of Queensland would exchange all issued RePS for fully paid Ordinary Shares in Bank of Queensland on the next dividend payment date. RePS were suspended from official quotation on the Australian Securities Exchange (ASX) on 8 October 2010 and converted to BOQ Ordinary shares on 15 October 2010.

For more information please access the RePS Issuer Conversion and the Further Details of the Conversion Notice released by the ASX.

Details of the S1RPS offer, including the Information Memorandum and Terms and Conditions, can be found in the Series 1 Reset Preference Shares booklet.

In accordance with the relevant terms and condition, BOQ exchanged all issued S1RPS for fully paid Ordinary BOQ Shares on 20 October 2008. For more information please access the S1RPS Exchange Notice released by the Australian Securities Exchange.