Westpac will conduct a fully underwritten pro rata accelerated renounceable entitlement offer to all eligible shareholders. Eligible Retail Shareholders can purchase 1 new share for every 23 ordinary shares held at 7pm (Sydney time) on 19th October 2015 for $25.50 per new share.Westpac will use the proceeds to bolster the capital of the Bank in light of global developments as well as APRA and FSI recommendations on changes to risk weighted assets.
