The Bank of Queensland (ASX:BOQ) raises $90m from retail shareholders

Company News

by Rachael Jones

The Bank of Queensland (ASX:BOQ) had a well supported share purchase plan having received applications for approximately $90 million from shareholders.

The issue price per new fully paid ordinary share under the SPP will be $7.27 per Share, which represents a 2 per cent discount.

As a result of the strong support for the SPP received from shareholders, BOQ has decided to accept all valid applications from Eligible Shareholders in full with no scale back to be applied.

Shares in the Bank of Queensland (ASX:BOQ) trading flat at $7.37.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.