Examples of Nominated Purchaser in a sentence
ANZ intends to appoint a wholly-owned subsidiary as the Nominated Purchaser.
If APRA approval is not obtained, and an appropriate Nominated Purchaser cannot be identified or any of the conditions to resale are not met, the resale may not occur.
The full impact of any buy-back of CPS2 will not occur at the same time, as the buy-back of any CPS2 under the Reinvestment Offer is expected to occur on 27 September 2016 and any buy-back following transfer to a Nominated Purchaser is expected to occur on 15 December 2016.
ANZ obtained approval from its shareholders on 17 December 2015 to buy-back the CPS2 directly from Holders or from a Nominated Purchaser.
ANZ expects to issue a resale notice for a Nominated Purchaser to purchase all of the CPS2 held by a CPS2 holder for their face value ($100) on 15 December 2016.