Notification of dividend / distribution
Update Summary
Entity name
NATIONAL AUSTRALIA BANK LIMITED
Security on which the Distribution will be paid
NAB - ORDINARY FULLY PAID
Announcement Type
Update to previous announcement
Date of this announcement
Friday November 27, 2020
Reason for the Update
Updated as follows:
Part 4A.6 DRP Price
Part 4B.6 BSP Price
Part 5.1 - Further information
Additional Information
The payment date for the Final Dividend has been brought forward from 14 December 2020 to 10 December 2020.
Further information is available athttp://www.nab.com.au/dividendinformation
Refer to below for full details of the announcement
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Notification of dividend / distribution
Announcement Details
Part 1 - Entity and announcement details
1.1 Name of +Entity
NATIONAL AUSTRALIA BANK LIMITED
1.2 | Registered Number Type | Registration Number |
ABN | 12004044937 | |
1.3 | ASX issuer code | |
NAB |
1.4 The announcement is
Update/amendment to previous announcement
1.4a Reason for update to a previous announcement
Updated as follows:
Part 4A.6 DRP Price
Part 4B.6 BSP Price
Part 5.1 - Further information
1.4b Date of previous announcement(s) to this update
Tuesday November 17, 2020
1.5 Date of this announcement
Friday November 27, 2020
1.6 ASX +Security Code
NAB
ASX +Security Description
ORDINARY FULLY PAID
Part 2A - All dividends/distributions basic details
2A.1 Type of dividend/distribution
Ordinary
2A.2 The Dividend/distribution:
relates to a period of six months
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2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)
Wednesday September 30, 2020
2A.4 +Record Date
Friday November 13, 2020
2A.5 Ex Date
Thursday November 12, 2020
2A.6 Payment Date
Thursday December 10, 2020
2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?
Security holder approval
Court approval
Lodgement of court order with +ASIC
ACCC approval
FIRB approval
Another approval/condition external to the entity required before business day 0 of the timetable for the dividend/distribution.
No
2A.8 Currency in which the dividend/distribution is made ("primary currency")
AUD - Australian Dollar
2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form
AUD 0.30000000
2A.10 Does the entity have arrangements relating to the currency in which the dividend/distribution is paid to securityholders that it wishes to disclose to the market? Yes
2A.11 Does the entity have a securities plan for dividends/distributions on this +security?
We have a Dividend/Distribution Reinvestment Plan (DRP) We have a Bonus +Security Plan or equivalent (BSP)
2A.11a If the +entity has a DRP, is the DRP applicable to this dividend/distribution?
Yes
2A.11b If the +entity has a BSP, is the BSP applicable to this dividend/distribution?
Yes
2A.12 Does the +entity have tax component information apart from franking?
Yes
2A.11a(i) DRP Status in respect of this dividend/distribution
Full DRP
2A.11b(i) BSP status in respect of this dividend/distribution
Full BSP offered
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Notification of dividend / distribution
Part 2B - Currency Information
2B.1 Does the entity default to payment in certain currencies dependent upon certain attributes such as the banking instruction or registered address of the +securityholder? (For example NZD to residents of New Zealand and/or USD to residents of the U.S.A.).
Yes
2B.2 Please provide a description of your currency arrangements
Shareholders in countries (other than Australia) will be paid cash dividends by direct credit into a nominated bank account in AUD, GBP, NZD and USD (as applicable). For those shareholders who have not provided valid bank account details, the cash dividend will default to AUD cheque.
The dividend payable in foreign currencies was set at the prevailing market rate on 17 November 2020 at 4.00pm (AEDT).
2B.2a Other currency/currencies in which the dividend/distribution will be paid:
Currency | Payment currency equivalent amount per security |
GBP - Pound Sterling | GBP 0.16608000 |
NZD - New Zealand Dollar | NZD 0.31812000 |
USD - US Dollar | USD 0.21963000 |
2B.2b Please provide the exchange rates used for non-primary currency payments
The dividend payable in foreign currencies shown in 2B.2a was set at the prevailing market rate on 17 November 2020 at 4.00pm (AEDT).
AUD / GBP 0.5536
AUD / NZD 1.0604
AUD / USD 0.7321
2B.2c If payment currency equivalent and exchange | Estimated or Actual? |
rates not known, date for information to be released | Actual |
Tuesday November 17, 2020 |
2B.3 Can the securityholder choose to receive a currency different to the currency they would receive under the default arrangements?
Yes
2B.3a Please describe what choices are available to a securityholder to receive a currency different to the currency they would receive under the default arrangements
As shown in 2B.2a.
2B.3b Date and time by which any document or communication relating to the above arrangements must be received in order to be effective for this dividend/distribution
Friday November 13, 2020 17:00:00
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Notification of dividend / distribution
2B.3c Please provide, or indicate where relevant forms can be obtained and how and where they must be lodged
Shareholders who wish to change or vary the way they currently receive dividends, must notify the Share Registry by the record date or the last election date for the DRP and BSP in one of the following ways:
- online by visitinghttp://www.investorcentre.com/au
- email your request tonabservices@computershare.com.au
- telephone NAB Share Registry on 1300 367 647 (Australia) or +61 3 9415 4299 (outside Australia); or
- by mail addressed to NAB Share Registry, GPO Box 2333, Melbourne Victoria, 3001 Australia
Part 3A - Ordinary dividend/distribution | ||
3A.1 Is the ordinary dividend/distribution estimated at | 3A.1a Ordinary dividend/distribution estimated amount | |
this time? | per +security | |
No | AUD | |
3A.1b Ordinary Dividend/distribution amount per | ||
security | ||
AUD 0.30000000 |
3A.2 Is the ordinary dividend/distribution franked? Yes
3A.3 Percentage of ordinary dividend/distribution that is franked
3A.2a Is the ordinary dividend/distribution fully franked? Yes
3A.3a Applicable corporate tax rate for franking credit
(%)
100.0000 % | 30.0000 % |
3A.4 Ordinary dividend/distribution franked amount per +security
AUD 0.30000000
3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amount
AUD 0.00000000
3A.7 Ordinary dividend/distribution conduit foreign income amount per security
AUD 0.00000000
3A.5 Percentage amount of dividend which is unfranked
0.0000 %
Part 3E - Other - distribution components / tax
3E.1 Please indicate where and when information about tax components can be obtained (you may enter a url).
New Zealand imputation credits have been attached to the dividend at the rate of NZD0.09 per ordinary share.
Additional tax information is available at http://www.nab.com.au/dividendinformation
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Notification of dividend / distribution
Part 4A - +Dividend reinvestment plan (DRP)
4A.1 What is the default option if +security holders do not indicate whether they want to participate in the DRP? Do not participate in DRP (i.e. cash payment)
4A.2 Last date and time for lodgement of election notices to share registry under DRP
Monday November 16, 2020 17:00:00
4A.4 Period of calculation of reinvestment price
Start Date
4A.3 DRP discount rate
0.0000 %
End Date
Wednesday November 18, 2020 | Thursday November 26, 2020 |
4A.5 DRP price calculation methodology
The arithmetic average of the volume weighted average price of Ordinary Shares sold on ASX during the seven Trading Days from 18 November 2020 to 26 November 2020 (inclusive), calculated to two decimal places.
4A.6 | DRP Price (including any discount): | 4A.7 DRP +securities +issue date |
AUD | 23.01000 | Thursday December 10, 2020 |
4A.8 Will DRP +securities be a new issue? Yes
4A.8a Do DRP +securities rank pari passu from +issue date?
Yes
4A.9 Is there a minimum dollar amount or number of +securities required for DRP participation? No
4A.10 Is there a maximum dollar amount or number of +securities required for DRP participation? No
4A.11 Are there any other conditions applying to DRP participation? Yes
4A.11a Conditions for DRP participation
United States shareholders are not able to participate in the Dividend Reinvestment Plan, including where shares are held in a broker clearing account or by a trustee or nominee.
4A.12 Link to a copy of the DRP plan rules
http://www.nab.com.au/dividendpackage
4A.13 Further information about the DRP
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Notification of dividend / distribution
Part 4B - Bonus +security plan or equivalent (BSP)
4B.1 What is the default option if +security holders do not indicate whether they want to participate in the BSP? Do not participate in BSP (i.e. cash payment)
4B.2 Last date and time for lodgement of election notices to share registry under BSP
Monday November 16, 2020 17:00:00
4B.4 Period of calculation of BSP price
Start Date
4B.3 BSP discount rate
0.0000 %
End Date
Wednesday November 18, 2020 | Thursday November 26, 2020 |
4B.5 BSP price calculation methodology
The arithmetic average of the volume weighted average price of Ordinary Shares sold on ASX during the seven Trading Days from 18 November 2020 to 26 November 2020 (inclusive), calculated to two decimal places.
4B.6 | BSP Price (including any discount) | 4B.7 BSP +securities +issue date |
AUD 23.0100 | Thursday December 10, 2020 | |
4B.8 | Will BSP +securities be a new issue? | 4B.8a Do BSP +securities rank pari passu from +issue |
Yes | date? | |
Yes |
4B.9 Is there a minimum dollar amount or number of +securities required for BSP participation? No
4B.10 Is there a maximum dollar amount or number of +securities required for BSP participation? No
4B.11 Are there any other conditions applying to BSP participation? Yes
4B.11a Conditions for BSP participation
United States shareholders are not able to participate in the Bonus Share Plan (BSP), including where shares are held in a broker clearing account or by a trustee or nominee.
4B.12 Link to a copy of the BSP plan rules
http://www.nab.com.au/dividendpackage
4B.13 Further information about the BSP
The BSP was closed to new participants on 10 May 2007.
Part 5 - Further information
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Notification of dividend / distribution
5.1 Please provide any further information applicable to this dividend/distribution
The participation in the DRP/BSP was 12.3% of the Company's issued capital.
Further information is available at http://www.nab.com.au/shareholder
5.2 Additional information for inclusion in the Announcement Summary
The payment date for the Final Dividend has been brought forward from 14 December 2020 to 10 December 2020.
Further information is available athttp://www.nab.com.au/dividendinformation
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Disclaimer
NAB - National Australia Bank Ltd. published this content on 27 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2020 23:10:01 UTC