Source: ANZ statements
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.