Share Purchase Plan Offer On behalf of the Board of Directors of National Australia Bank Limited (NAB), I am pleased to offer you the opportunity to participate in a share purchase plan (SPP), which allows eligible shareholders the opportunity to subscribe for up to A$30,000 of new fully paid ordinary shares in NAB (SPP Shares). Acceptance by insurance companies is based on things like occupation, health and lifestyle. First, there's a $30,000 limit per investor and second, any stocks purchased through the SPP will not be eligible for the next dividend payment in July.NAB has said it will be sending application details to its shareholders – but they'll most likely be able to apply for the SPP directly through NAB, without needing to incur a brokerage fee.On Tuesday 28 April, Citi, Credit Suisse, Morgan Stanley and Ord Minnet offered a new "buy" recommendation for NAB, with target prices between 9% (Morgan Stanley) to 61% (Citi) above Tuesday's closing price.However, according to market analyst Julia Lee of Burman Invest, it depends on what kind of recovery we can expect following coronavirus. We encourage you to use the tools and information we provide to compare your options.Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. Check out the current offers available on a range of our NAB credit cards. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Lee says NAB's price is looking good so long as the company is on track for a full earning and dividend recovery by 2022.As for a tip on when to invest, Lee says shareholders should always leave SPPs to the last minute so that they can gauge whether the price is attractive next to its market price. Accordingly, the number of SPP Shares allocated to Mr. Smith was 176 SPP Shares. This can make it difficult for consumers to compare alternatives or identify the companies behind the products.
Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. Question on the NAB Share Purchase Plan Investing I'm an eligible NAB shareholder and received my SPP booklet today, however while reading through it I noticed the only restriction mentioned on the number of shares that could be purchased is the maximum amount of $30,000. product providerWe cannot provide you with personal advice or recommendations Given the issue price of A$14.15 per SPP Share, this is equivalent to 176 x A$14.15 = A$2,490.40 worth of SPP Shares.The application payment received (A$5,000) was sufficient to acquire the 176 SPP Shares (at an aggregate price of A$2,490.40). Earn and redeem NAB Rewards Points for your business credit card purchases. The number of allocated shares are available to view on Computershare’s Investor Centre at NAB received valid SPP applications for a total value of A$2.9 billion. On Monday, it tapped institutional investors for $3,000m through a placement at $14.15 per share. Eligible Shareholders who applied for A$2,500 or less of SPP Shares will not be subject to any scale back and will receive the amount they applied for, rounded down to reflect a whole number of SPP Shares.The SPP Shares rank equally with existing fully paid NAB ordinary shares from their date of issue and commenced trading on ASX on 3 June 2020. Trading of the SPP Shares commenced on the ASX on Wednesday, 3 June 2020.NAB took proactive steps to build capital via the SPP, the Placement, and a reduction in the interim dividend, in light of the uncertain economic outlook due to the COVID-19 pandemic. Conditions apply.Business finance that doesn’t require physical assets, such as property, for security.

"If the impairments relating to COVID-19 are all that is to come, then it's a good price. Mr. Smith received a refund of A$2,090.15 (being his application payment of A$10,000 less the aggregate issue price of A$7,909.85), which was returned to him without interest, in accordance with the terms and conditions set out in the SPP Offer Booklet.

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