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anz opes disclosure, page-8

  1. TTH
    1,252 Posts.
    Oscar,

    Re 'I'm glad someone reads my posts', I've tried to stop congratulating you so often because it was probably getting a bit nausiating! However, it is good to here than 2105 has joined the 'Oscar fan club' (welcome! ... lol)

    More seriously though, I'm not sure the confusion re. the amounts is actually an error.

    In their announcement, ANZ stated that:
    >>>
    "Some of the shares may have been transferred by the ANZ Group to other parties under other securities lending agreements, pursuant to which the ANZ Group can require the return of the shares transferred (On-sold Shares)."
    <<<
    I'm thinking that this might account for the 17M (plus possibly some of the other big trades), in that ANZ might possibly have tranferred the money to one of its subsiduaries or similar, rather than fully offloading it out of the entire group. Unfortunately I don't fully understand the statement (or specifically that paragraph), nor the exact disclosure laws, so I was hoping others might be able to decipher it into understandible terms (!).

    p.s. didn't you love the part about "Although there is some uncertainty as to whether ANZ is under a legal obligation to do so, ANZ intends to lodge a substantial holding notice in relation to each of the companies identified in the attached schedule as soon as practicable". I think there's going to be a lot more said as to ANZ's legal obligations in the near future, either by ASIC, ASX and/or referenced in legal cases from Opes clients
 
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