Notification of dividend / distribution
Announcement Summary
Entity name
NATIONAL AUSTRALIA BANK LIMITED
Security on which the Distribution will be paid
NABPC - CAP NOTE 3-BBSW+3.50% PERP NON-CUM RED T-03-20
Announcement Type
New announcement
Date of this announcement
Monday December 23, 2019
Distribution Amount
$ 0.77180000
Ex Date
Thursday March 12, 2020
Record Date
Friday March 13, 2020
Payment Date
Monday March 23, 2020
Additional Information
URL link to a copy of the prospectus or further information about the security: www.nab.com.au/nab-capital-notes-prospectus
Refer to below for full details of the announcement
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Notification of dividend / distribution
Announcement Details
Part 1 - Entity and announcement details
1.1 Name of +Entity
NATIONAL AUSTRALIA BANK LIMITED
1.2 | Registered Number Type | Registration Number |
ABN | 12004044937 | |
1.3 | ASX issuer code | |
NAB |
- The announcement isNew announcement
- Date of this announcement
Monday December 23, 2019
1.6 ASX +Security Code
NABPC
ASX +Security Description
CAP NOTE 3-BBSW+3.50% PERP NON-CUM RED T-03-20
Part 2A - All dividends/distributions basic details
2A.1 Type of dividend/distribution
Ordinary
2A.2 The Dividend/distribution:
relates to a period of one quarter
2A.3 The dividend/distribution relates to the financial reporting or payment period ending ended/ending (date)
Sunday March 22, 2020
2A.4 +Record Date
Friday March 13, 2020
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Notification of dividend / distribution
2A.5 Ex Date
Thursday March 12, 2020
2A.6 Payment Date
Monday March 23, 2020
2A.7 Are any of the below approvals required for the dividend/distribution before business day 0 of the timetable?
Security holder approval
Court approval
Lodgement of court order with +ASIC
ACCC approval
FIRB approval
Another approval/condition external to the entity required before business day 0 of the timetable for the dividend/distribution.
No
2A.8 Currency in which the dividend/distribution is made ("primary currency")
AUD - Australian Dollar
2A.9 Total dividend/distribution payment amount per +security (in primary currency) for all dividends/distributions notified in this form
$ 0.77180000
2A.10 Does the entity have arrangements relating to the currency in which the dividend/distribution is paid to securityholders that it wishes to disclose to the market? No
2A.11 Does the entity have a securities plan for dividends/distributions on this +security?
We do not have a securities plan for dividends/distributions on this security
2A.12 Does the +entity have tax component information apart from franking?
No
Part 3A - Ordinary dividend/distribution
3A.1 Is the ordinary dividend/distribution estimated at this time?
No
3A.1b Ordinary Dividend/distribution amount per security
$ 0.77180000
Estimated or Actual?
Actual
3A.1a Ordinary dividend/distribution estimated amount per +security
$
3A.2 Is the ordinary dividend/distribution franked? Yes
3A.2a Is the ordinary dividend/distribution fully franked? Yes
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Notification of dividend / distribution
3A.3 Percentage of ordinary dividend/distribution that is | 3A.3a Applicable corporate tax rate for franking credit |
franked | (%) |
100.0000 % | 30.0000 % |
3A.4 Ordinary dividend/distribution franked amount per +security
$ 0.77180000
3A.6 Ordinary dividend/distribution unfranked amount per +security excluding conduit foreign income amount
$ 0.00000000
3A.7 Ordinary dividend/distribution conduit foreign income amount per security
$ 0.00000000
Part 3D - Preference +security distribution rate details
3A.5 Percentage amount of dividend which is unfranked
0.0000 %
3D.1 | Start date of payment period | 3D.2 End date of payment period |
Monday December 23, 2019 | Sunday March 22, 2020 | |
3D.3 | Date dividend/distribution rate is set (optional) | |
3D.5 | Number of days in the dividend/distribution period | |
91 |
3D.6 Dividend/distribution base rate (pa)
0.9221 %
3D.7 Comments on how dividend/distribution base rate is set
3 month Bank Bill Rate as at 23 December 2019.
3D.8 Dividend/distribution margin
3.5000 %
3D.9 Comments on how dividend/distribution margin is set
Margin is 3.5000% as determined under the Bookbuild.
3D.10 Any other rate / multiplier used in calculating dividend/distribution rate
-1.3266 %
3D.11 Comments on how other rate used in calculating dividend/distribution rate is set
3D.12 Total dividend/distribution rate for the period (pa)
3.0955 %
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Notification of dividend / distribution
3D.13 Comment on how total distribution rate is set
The Distribution Rate was determined using the following formula: (Bank Bill Rate + Margin) x (1 - Tax Rate)
3 month Bank Bill Rate on 23 December 2019: 0.9221% p.a.
Plus Margin: | 3.5000% p.a. |
Total: | 4.4221% p.a. |
Multiplied by (1 - Tax Rate) | 0.70 |
Distribution Rate: | 3.0955% p.a. |
Distribution per NAB Capital Note of AUD 0.7718 was calculated using the following formula:
Distribution Rate: 3.0955% per annum
Multiplied by Face Value: AUD 100 per NAB Capital Note
Multiplied by days in Distribution Period: 91 days from (and including) 23 December 2019 to (but not including) 23 March 2020 divided by 365
Part 5 - Further information
5.1 Please provide any further information applicable to this dividend/distribution
The Record Date for NAB Capital Notes (NABPC) is normally 8 calendar days before the Payment Date (or as otherwise prescribed by the ASX Listing Rules) but in this case, it has been brought forward to Friday 13 March 2020 as it would have otherwise fallen on a non-business day.
5.2 Additional information for inclusion in the Announcement Summary
URL link to a copy of the prospectus or further information about the security:
www.nab.com.au/nab-capital-notes-prospectus
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Disclaimer
NAB - National Australia Bank Ltd. published this content on 23 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 December 2019 16:45:06 UTC