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ANZ Group Holdings Appoints UBS to Buy Back AU$248 Million in Shares to Neutralize DRP

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ANZ Group Holdings (ASX:ANZ, NZE:ANZ) said it has appointed UBS Securities Australia to execute an on-market share purchase of about AU$248 million to satisfy its obligations under its dividend reinvestment plan (DRP) in relation to the 2026 interim dividend, according to a Friday Australian and New Zealand bourse filing.

The bank said the DRP and bonus option plan (BOP) pricing period will run for 12 trading days, beginning Friday and finishing on June 1, with the on-market purchase of ANZ shares able to occur during the pricing period.

ANZ will issue new shares to meet its DRP obligations if the on-market purchase cannot be completed for any reason, while new shares will also be issued to satisfy BOP obligations, the bank added.

The bank's Australian shares rose almost 1% in recent Friday trade while its New Zealand shares gained almost 2%.

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