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Westpac Capital Notes 5 FAQs


Westpac expects Holding Statements will be dispatched to successful Applicants on or by 20 March 2018.
 

If you have applied under the Securityholder Offer or Reinvestment Offer and you wish to find out your Allocation before receiving your Holding Statement, you should call the Westpac Capital Notes 5 Information Line (Monday to Friday, 8.30am to 5.30pm, Sydney time) on 1300 784 494 (local call cost within Australia) (or on +61 1300 784 494 from overseas).
 

Applicants under the Broker Firm Offer will be able to confirm their allocation through their Syndicate Broker.
 

If you sell your Notes before you receive confirmation of your Allocation, you do so at your own risk.

 

Westpac Capital Notes 5 are expected to commence trading on the ASX on a deferred settlement basis on 14 March 2018 and on a normal settlement basis on 21 March 2018.

On 3 April 2018, you will be paid $100 per Westpac CPS for any Westpac CPS you continue to hold on that date and have not otherwise sold on-market before 14 March 2018 (which is expected to be the last day of trading in Westpac CPS). You will also be paid the Final Westpac CPS Dividend, as described in the ‘What Westpac CPS Dividends will I receive on Westpac CPS which have not been reinvested in Notes under the Reinvestment Offer?’ FAQ below.
 

If you wish to realise your investment in Westpac CPS before 3 April 2018, you may sell your Westpac CPS on the ASX at the prevailing market price (which may be higher or lower than $100 per Westpac CPS) by 14 March 2018, which is expected to be the last day of trading in Westpac CPS. You may be required to pay brokerage if you choose to sell Westpac CPS on the ASX. It is expected that off-market transfers of Westpac CPS will not be accepted after 23 March 2018.
 

See Section 3 of the Prospectus for further information about Non-Participating Westpac CPS.

A Pro-Rata Westpac CPS Dividend was paid on all Westpac CPS on 13 March 2018 for the period from 1 October 2017 to 13 March 2018 (inclusive). This dividend was paid for each Westpac CPS you held on the record date of 5 March 2018, regardless of whether or not they were reinvested in Notes under the Reinvestment Offer. The cash amount of the Pro-Rata Westpac CPS Dividend was $1.6229 per Westpac CPS. The Pro-Rata Westpac CPS Dividend is the last dividend you will receive on any Westpac CPS reinvested in Notes under the Reinvestment Offer.

1.  A Pro-Rata Westpac CPS Dividend was paid on all Westpac CPS on 13 March 2018 for the period from 1 October 2017 to 13 March 2018 (inclusive). This dividend was paid for each Westpac CPS you held on the record date of 5 March 2018, regardless of whether or not they were reinvested in Notes under the Reinvestment Offer. The cash amount of the Pro-Rata Westpac CPS Dividend was $1.6229 per Westpac CPS. The Pro-Rata Westpac CPS Dividend is the last dividend you will receive on any Westpac CPS reinvested in Notes under the Reinvestment Offer.
 

2. A Final Westpac CPS Dividend for the period from 14 March 2018 to 31 March 2018 (inclusive) is expected to be paid on 3 April 2018 for all Westpac CPS you hold on the record date of 23 March 2018. The expected cash amount of the Final Westpac CPS Dividend is $0.1782 per Westpac CPS. The Final Westpac CPS Dividend is subject to the satisfaction of the dividend payment test in the Westpac CPS Terms.

The payment of $100 per Westpac CPS held on 3 April 2018 and Westpac CPS dividends will be made in accordance with your payment instructions, recorded on the Westpac CPS Register. You may amend your payment instructions online at www.linkmarketservices.com.au/westpac or by calling the Westpac Capital Notes 5 Information Line (details above) by 5.00pm (Sydney time) on the record date for the relevant Westpac CPS dividend payment.
 

See the preceding question as to the record dates for the relevant Westpac CPS dividend payments.

Unless otherwise defined, capitalised terms used on this website have the same meaning as those in the Prospectus. A reference to Prospectus on this website is a reference to either the original Prospectus or the replacement Prospectus (as the context requires).
 

Terms and Conditions document (PDF 110KB)