tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

ANZ Issues 20,638 New Ordinary Shares From Conversion of Unquoted Securities

Story Highlights
ANZ Issues 20,638 New Ordinary Shares From Conversion of Unquoted Securities

Claim 70% Off TipRanks Premium

The latest announcement is out from ANZ Group Holdings ( (AU:ANZ) ).

ANZ Group Holdings has notified the ASX of the issue of 20,638 ordinary fully paid shares following the exercise or conversion of previously unquoted equity securities. The modest increase in ordinary shares reflects routine capital management activity tied to existing equity-based arrangements, with limited immediate impact on the group’s overall capital structure but underscoring the ongoing use of share-based incentives or convertible instruments within its funding and remuneration framework.

The most recent analyst rating on (AU:ANZ) stock is a Sell with a A$32.57 price target. To see the full list of analyst forecasts on ANZ Group Holdings stock, see the AU:ANZ Stock Forecast page.

More about ANZ Group Holdings

ANZ Group Holdings Limited is a major Australian banking and financial services group listed on the ASX, providing retail, commercial and institutional banking products across Australia, New Zealand and other key Asia-Pacific markets.

YTD Price Performance: -2.45%

Average Trading Volume: 4,869,800

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$106.7B

For detailed information about ANZ stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1