Challenger Portfolio endowment warrants in AMC, NWS
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Westpac Banking Corporation (WBC) | 11:20 am, Thursday 4 September 2008 | WBC | 18.400 |
 -0.300 |
(-1.60%) |
Challenger Portfolio endowment warrants in AMC, NWS
Westpac Banking Corporation ABN 33 007 457 141
Structured Equity Investments
Level 1, 275 Kent Street
Sydney NSW 2000
Telephone: 61 2 8204 2727
Facsimile: 61 2 8254 0795
3 September 2008
Mr Richard Walton
Manager, Warrant Administration
Australian Securities Exchange
Level 6, 20 Bridge Street
Sydney NSW 2000
Dear Richard,
Re: Challenger Portfolio Endowment Warrants containing securities in AMC,
NWS: Change in the Outstanding Amounts
Challenger Equities Limited, as issuer of Portfolio Endowment Warrants
notifies of a distribution/dividend entitlement in respect of securities in
the Portfolio:
Distribution/ Entitlement of Security
Securities- Amcor Limited, News Corporation
ASX Code- AMC, NWS
Distribution/Entitlement- Ordinary dividends
Distribution Amount/Security- $0.17 per security, $0.06 per security
Ex-distribution date- 4 September 2008, 4 September 2008
Payment Date of Reduction Amount 3 October 2008, 15 October 2008
As detailed in the applicable Offering Circular, distributions constitute a
Reduction Amount. The Reduction Amount reduces the Outstanding Amount, and
therefore the Final Payment.
Changes in Outstanding Amounts
Portfolio Endowment Warrant
PEWEEA
Underlying Security
NWS
Number of Securities in Portfolio
3.5
Total Reduction Amount per Warrant
$0.00021
Number Of Warrants
1,000
1
Outstanding Amount After Reduction Amount
$848.40
$0.8484
Westpac Banking Corporation ABN 33 007 457 141
Changes in Outstanding Amounts
Portfolio Endowment Warrant
PEWEEB
Underlying Security
AMC, NWS
Number of Securities in Portfolio
11, 5
Total Reduction Amount per Warrant
$0.00217
Number Of Warrants
1,000
1
Outstanding Amount After Reduction Amount
$660.30
$0.6603
Current Rates at which the Outstanding Amounts Increase
Pursuant to the Offering Circulars dated 11 October 2001 and 11 November 2002
Outstanding Amounts payable under the warrants increase at the Base Rate plus
the Margin.
The following table sets out the rates applicable to all series of Endowment
Warrants issued by Challenger Equities Limited for the current calendar
quarter:
Rates from 1 July 2008 to 30 September 2008 inclusive
Base Rate (p.a.) 8.20%
Margin (p.a.) 2.50%
Total (p.a.) 10.70%
Portfolio Constitution - PEWEEA & PEWEEB Portfolio Endowment Warrants
Pursuant to an Offering Circular dated 11 October 2001 (PEWEEA) and 11
November 2002 (PEWEEB), the constitution of the portfolios is set out in the
following table:
ASX
Code Underlying Shares
No of Shares in
Underlying Parcel
PEWEEA
No of Shares in
Underlying Parcel
PEWEEB
AWC Alumina Limited 12 13
AMC Amcor Limited N/A 11
AMP AMP Limited 5 8
ANZ Australia and New Zealand Banking
Group Limited 6 5
BHP BHP Billiton Limited 11 10
BXB Brambles Industries Limited 9 15
CBA Commonwealth Bank of Australia 3 3
CSL CSL Limited 6 N/A
FGL Foster's Group Limited 20 20
MQG Macquarie Group Limited 3 N/A
NAB National Australia Bank Limited 3 3
NWS News Corporation Limited 3.5 5
RIO Rio Tinto Limited 3 3
SUN Suncorp Metway N/A 9
Westpac Banking Corporation ABN 33 007 457 141
SGB St George Bank Limited 6 5
TLS Telstra Corporation Limited 21 20
WBC Westpac Banking Corporation 7 7
WES Wesfarmers Limited 3 3
WOW Woolworths Limited 8 8
WPL Woodside Petroleum Limited 7 8
WDC Westfield Group 5 8
For further information please contact Westpac Banking Corporation on 1800
990 107.
For and on behalf of Westpac Banking Corporation
