Key Developments: National Australia Bank Ltd (NAB.AX)

NAB.AX on Australia Stock Exchange

31.35AUD
17 Dec 2014
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Latest Key Developments (Source: Significant Developments)

National Australia Bank Limited sells 1.2 billion pounds portfolio of UK commercial real estate loans
Monday, 15 Dec 2014 08:00pm EST 

National Australia Bank Limited:Says that it expects to sell an additional 1.2 billion pound parcel of higher risk loans from its UK Commercial Real Estate (CRE) portfolio to an affiliate of Cerberus Global Investors.As a result of the sale, a small gain is expected to be recognised in the March 2015 half year accounts and an estimated 127 million pounds of capital will be released for the NAB Group when the transaction is settled.  Full Article

National Australia Bank Ltd announces final dividend
Wednesday, 29 Oct 2014 04:59pm EDT 

National Australia Bank Ltd:Says that final dividend for Sept. 2014 is 99 cents per share, consistent with interim dividend for March 2014 half year.Says this represents a 2.1 pct. increase on Sept. 2013 final dividend.Dividend payment is 100 pct. franked and will be paid on Dec. 16.Shares will be quoted ex-dividend on Nov. 7.  Full Article

National Australia Bank Limited prices Great Western Bank IPO
Tuesday, 14 Oct 2014 09:00pm EDT 

National Australia Bank Limited:Says that it has announced the final pricing of the initial public offering (IPO) of its US-based subsidiary Great Western Bank.The offer comprises 16 million shares or 27.6 pct. of GWB’s outstanding common stock at a price of $18 per share.Says gross proceeds realised by NAB will be $288 million.NAB has also granted the underwriters a 30-day option to purchase up to an additional 2.4 million shares of GWB’s common stock.Says if the underwriters’ option is exercised in full, the total offer would comprise 18.4 million shares or 31.8 pct. of GWB’s outstanding common stock and the gross proceeds realised by NAB would be $331 million.Says after the completion of this offering NAB will beneficially own 72.4 pct. of GWB’s outstanding common stock.  Full Article

National Australia Bank Limited and associated entities becomes initial substantial shareholder of Qantas Airways Limited
Monday, 6 Oct 2014 02:59am EDT 

Qantas Airways Limited:Says National Australia Bank Limited and associated entities becomes initial substantial shareholder of the company effective Oct. 1 with 110,102,753 ordinary shares and 5.013 pct voting power.  Full Article

National Australia Bank Limited launches IPO of Great Western Bank
Sunday, 5 Oct 2014 05:00pm EDT 

National Australia Bank Limited:Says that it has commenced the marketing of the initial public offering (IPO) of its US-based subsidiary Great Western Bank following the filing of GWB’s amended registration statement and prospectus.With the US Securities and Exchange Commission on Oct. 3, 2014 US time.Says the bank announced its intention to undertake the IPO of GWB on Aug.NAB is planning to sell 16 million shares, which represents 27.6 pct. of GWB’s outstanding common stock.The initial public offering price is currently expected to be between $21 to $24 per share.  Full Article

National Australia Bank Limited and associated entities ceases to be substantial shareholder of Oakton Limited
Wednesday, 1 Oct 2014 11:38pm EDT 

Oakton Limited:National Australia Bank Limited and associated entities ceases to be substantial holder of the company effective Sept. 29.  Full Article

National Australia Bank Limited and associated entities becomes initial substantial shareholder of Carsales.Com Limited
Wednesday, 1 Oct 2014 02:00am EDT 

Carsales.Com Limited:Says National Australia Bank Limited and associated entities becomes initial substantial shareholder of the company effective Sept. 26 with 12,314,842 ordinary shares and 5.166 pct voting power.  Full Article

National Australia Bank Limited and associated entities ceases to be substantial shareholder of TABCORP Holdings Limited
Wednesday, 1 Oct 2014 12:22am EDT 

TABCORP Holdings Limited:National Australia Bank Limited and associated entities ceases to be substantial holder of the company effective Sept. 26.  Full Article

National Australia Bank Limited and associated entities ceases to be substantial shareholder of Qantas Airways Limited
Wednesday, 1 Oct 2014 12:08am EDT 

Qantas Airways Limited:National Australia Bank Limited and associated entities ceases to be substantial holder of the company effective Sept. 26.  Full Article

National Australia Bank Limited and associated entities ceases to be substantial shareholder of iiNet Limited
Wednesday, 1 Oct 2014 12:01am EDT 

iiNet Limited:National Australia Bank Limited and its associated entities ceases to be substantial holder of the company effective Sept. 26.  Full Article

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