How much will each bondholder receive?
Bondholders will receive $1.10 for each Bonus Bond they hold. So for example, someone who holds 100 bonds will receive $110.
The payment is expected to be made in December 2021.
A small additional payment (possibly a couple of cents per Bonus Bond) might be made at a later date when the wind-up is finalised, if there are remaining funds to be distributed.
Or they can donate the funds to the Cancer Society?
Yes. As a long-term major sponsor of the Cancer Society of New Zealand, ANZ has offered bondholders the option of donating their funds to the Cancer Society.
The Cancer Society is the only organisation that funds research into all types of cancers, and provides support to anyone affected by cancer, including families and friends, no matter what age or type of cancer someone might have.
More than 6000 bondholders have already chosen to donate their funds to the Cancer Society. This means ANZ will be passing on more than $100,000 on behalf of these investors.
What is ANZ doing to contact the remaining bondholders?
ANZ has a dedicated team working to contact more than one million investors who are due to receive a share of the funds remaining in the scheme.
It can be hard to track some people down, due to a range of factors such as people moving house or living overseas.