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CHALLENGE BANK LIMITED(CLG)

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we may be able to assist in finding unclaimed funds if you previously had dealings with this company - deListed provides a tracing service for a small administration fee that identifies where people can find unclaimed monies arising from compulsory acquisitions and also from dividend distributions, super contributions, inoperative bank, building society or credit union accounts, bequests and other sources - please click here for access to our Lost shares, Lost money?? service

31/03/2022

Merger with Westpac Banking Corporation through the Schemes of Arrangement

17/01/1996

we understand under the terms of the acquisition, Challenge Bank shareholders had the option of receiving $5.00 cash per share or 2 Westpac shares plus $4.10 cash for every 3 Challenge Bank shares (we believe the Convertible Noteholders received essentially the same offer as shareholders)

17/01/1996

no official reason given

07/07/1994

ASX Announcements (courtesy of ASX)

 

 

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what happened to Challenge bank shares when westpac purchased or merged  with Challenge bank

08/06/2022 19:23:28

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