Warnings

ANZ warns shareholders about unsolicited offers for shares

ANZ has received a request from Hassle Free Share Sales PTY Ltd ("HFSS") for a copy of ANZ's register of shareholders.

HFSS has made previous similar requests of other Australian listed companies, and then has written subsequently to shareholders of those companies making unsolicited offers to purchase their shares at a price clearly below the current market price.

The Australian Securities and Investments Commission (ASIC) has advised shareholders to be aware of the pitfalls associated with unsolicited offers to purchase shares, and has provided a ‘safety checklist’ to assist shareholders in assessing such offers (available from www.fido.gov.au [1]). Further details on dealing with unsolicited share purchase offers can also be obtained from ASIC by contacting 1300 300 630.

Please refer to the Media release and the Frequently asked questions below.

 

Frequently asked questions

 

Q. I have received an offer for my ANZ shares from Hassle Free Share Sales PTY Ltd (HFSS). How have HFSS got my details?

ANZ was requested by HFSS to provide it with details of all ANZ shareholders (including the number of shares held by, and the address details for, each shareholder). As a listed public company, ANZ was obliged under the Corporations Act to provide these details to HFSS.

 

Q. Do I have to accept this offer?

No. There is no compulsion for you to accept any offer for your ANZ shares from HFSS

 

Q. Does ANZ support the offer from HFSS?

ANZ does not endorse any unsolicited offer that may be made by HFSS for your ANZ shares, and is not associated with any such offer.

 

Q. Is it a fair offer?

We are aware that HFSS have been offering to purchase ANZ shares at a price of $7.01 per share. This is very significantly below the current market value of ANZ shares.

 

Q. What should I do?

We strongly recommend you seek external independent financial advice before taking any steps in relation to any offer from HFSS. The Australian Securities and Investments Commission (ASIC) has previously advised shareholders to be aware of the pitfalls associated with unsolicited offers to purchase shares, and has provided a ‘safety checklist’ to assist shareholders in assessing such offers. This checklist is available at www.fido.gov.au [1] about unexpected offers to buy your shares. Further details on dealing with unsolicited share purchase offers can also be obtained from ASIC on 1300 300 630.