ANZ today acknowledged the civil penalty decision of the Federal Court of Australia in relation to ANZ’s fully underwritten institutional share placement in August 2015.
This follows an earlier judgment, delivered on 13 October 2023, in which the Court found that ANZ should have notified the ASX of the joint lead managers’ take-up of shares in its 2015 institutional share placement.
The Court has today ordered ANZ to pay a civil penalty of $900,000 in relation to a continuous disclosure contravention that the Court found occurred on 7 August 2015.
ANZ is considering today’s decision together with the judgment delivered in October.
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