Commonwealth Bank - Report to Shareholders 2003 - Shareholding Information
 

Shareholding Information

Top 20 Holders of Fully Paid Ordinary Shares as at 19 August 2003
Rank
Name of Holder
Number of Shares
%

1
JP Morgan Nominees Australia Ltd
125,476,803
10.01
2
National Nominees Limited
83,086,262
6.63
3
Westpac Custodian Nominees Ltd
79,115,602
6.31
4
Citicorp Nominees Pty Limited
55,570,707
4.43
5
RBC Global Services Australia Nominees Pty Limited
38,330,704
3.06
6
Commonwealth Custodial Services Limited
20,041,919
1.60
7
AMP Life Limited
17,871,153
1.43
8
ANZ Nominees Limited
16,032,155
1.28
9
Queensland Investment Corporation
13,308,399
1.06
10
Cogent Nominees Pty Limited
11,837,661
0.94
11
HSBC Custody Nominees (Australia) Limited
7,390,996
0.59
12
Westpac Financial Services Ltd
5,932,044
0.47
13
Invia Custodian Pty Limited
4,832,697
0.39
14
Bond Street Custodians Limited
4,523,108
0.36
15
CSS Board & PSS Board
4,470,337
0.36
16
Australian Foundation Investment Company Limited
4,195,245
0.33
17
Government Superannuation Office
3,624,656
0.29
18
Gladiator Custodian Pty Ltd
3,582,953
0.29
19
UBS Warburg Private Clients Nominees Pty Ltd
3,410,467
0.27
20
NRMA Nominees Pty Limited
3,176,111
0.25

The twenty largest shareholders hold 505,809,979 shares which is equal to 40.35% of the total shares on issue.

Stock Exchange Listing

The shares of the Commonwealth Bank of Australia are listed on the Australian Stock Exchange under the trade symbol CBA, with Sydney being the home exchange. Details of trading activity are published in most daily newspapers, generally under the abbreviation of CBA or C’wealth Bank. The Bank does not have a current on-market buyback of its shares.

Directors' Shareholdings as at 20 August 2003
Shares
Options

J T Ralph, AC
21,339
 
J M Schubert
14,428
 
D V Murray
230,946 1,250,000
N R Adler, AO
8,636
 
R J Clairs, AO
11,927
 
A B Daniels, OAM
15,135
 
C R Galbraith, AM
6,579
 
S C Kay
2,184
 
W G Kent, AO
9,708
 
F D Ryan
5,935
 
F J Swan
4,038
 
B K Ward
4,059
 

Mr Murray has a total holding of 97,000 shares under the Equity Reward Plan registered in the name of the Trustee. In addition, Mr Ralph beneficially holds 100,000 units in Commonwealth Property Trust and 495,294 units in Colonial First State Hedge Fund and Mr Daniels beneficially holds 73,588 units in Colonial First Global Health and Biotech Fund. A related party of Mr Daniels holds 59,818 units in Colonial First State Future Leaders Fund and 84,994 units in Colonial First State Imputation Fund.

Guidelines for Dealings by Directors in Shares

The restrictions imposed by law on dealings by Directors in the securities of the Bank have been supplemented by the Board of Directors adopting guidelines which further limit any such dealings by Directors, their spouses, any dependent child, family company and family trust. The guidelines provide that, in addition to the requirement that Directors not deal in the securities of the Bank or any related company when they have or may be perceived as having relevant unpublished price sensitive information, Directors are only permitted to deal within certain periods. Further, the guidelines require that Directors not deal on the basis of considerations of a short term nature or to the extent of trading in those securities.

Range of Shares (Fully Paid Ordinary Shares and Employee Shares): 19 August 2003
Range
Number of
Shareholders
Percentage
Shareholders
Number of
Shares
Percentage
Issued Capital

1-1,000
578,272
77.76%
192,877,335
15.36%
1,001-5,000
146,784
19.74%
295,759,711
23.55%
5,001-10,000
12,888
1.73%
89,215,343
7.10%
10,001-100,000
5,450
0.73%
107,083,627
8.53%
100,001 - Over
265
0.04%
571,111,021
45.47%

Total
743,659
100%
1,256,047,037
100%

Less than marketable parcel of $500
14,461
 
95,327
 

Voting Rights

Under the Bank's Constitution, each member present at a general meeting of the Bank in person or by proxy, attorney or official representative is entitled:

If a member appoints two proxies and both are present at the meeting and the appointment does not specify the proportion or number of the member’s votes each proxy may exercise:

Trust Preferred Securities

On 6 August 2003 the Bank, via a wholly owned entity of the Bank, issued USD 550 million (AUD 824 million) of Trust Preferred Securities, subject to a limited guarantee by the Bank, in the US capital markets. At 19 August 2003, there were 550,000,000 Trust Preferred Securities outstanding held by 32 investors. No investor held more than 20% of the issue.

Top 20 Holders of Preferred Exchangeable Resettable Listed Shares (PERLS) as at 19 August 2003
Rank
Name of Holder
Number of Shares

%


1
Commonwealth Custodial Services Limited
286,180
8.18
2
Westpac Custodian Nominees Ltd
104,460
2.98
3
RBC Global Services Australia Nominees Pty Limited
61,036
1.74
4
Invia Custodian Pty Limited
57,275
1.64
5
ANZ Executors & Trustee Company Limited
44,187
1.26
6
Tower Trust Limited
32,763
0.94
7
UBS Warburg Private Clients Nominees Pty Ltd
29,530
0.84
8
JP Morgan Nominees Australia Ltd
25,344
0.72
9
Boxall Marine Pty Ltd
25,000
0.71
10
Questor Financial Services Limited
24,319
0.69
11
Bond Street Custodians Limited
24,169
0.69
12
AMP Life Limited
23,316
0.67
13
Brencorp No 11 Pty Limited
15,756
0.45
14
Livingstone Investments (NSW) Pty Limited
15,000
0.43
15
Ms Thelma Joan Martin-Weber
12,500
0.36
16
Perpetual Trustee Co Ltd (Hunter)
12,014
0.34
17
Albert Investments Pty Limited
10,000
0.29
18
Felden Pty Ltd
10,000
0.29
19
Mr Edward Furnival Griffin + Ms Deborah Ann Griffin
10,000
0.29
20
Marbear Holdings Pty Limited
10,000
0.29
21
Mrs Fay Cleo Martin-Weber
10,000
0.29
22
Professional Indemnity Insurance Company of Australia Pty Ltd
10,000
0.29
23
Swinburne University of Technology
10,000
0.29

The twenty-three largest PERLS shareholders hold 862,849 shares which is equal to 24.66% of the total shares on issue. Twenty-three PERLS shareholders are disclosed in the above table due to a number of shareholders having the same number of PERLS.

Stock Exchange Listing

Commonwealth Bank PERLS are listed on the Australian Stock Exchange under the trade symbol CBAPA, with Sydney being the home exchange. Details of trading activity are published in most daily newspapers, generally under the abbreviation of CBA or C’wealth Bank (pref).

Range of Shares (PERLS): 19 August 2003
Range
Number of
Shareholders
Percentage
Shareholders
Number of
Shares

Percentage
Issued Capital


1-1,000
20,555
98.65%
2,119,134
60.55
1,001-5,000
244
1.17%
487,683
13.93
5,001-10,000
22
0.11%
174,329
4.98
10,001-100,000
13
0.06%
328,214
9.38
100,001- Over
2
0.01%
390,640
11.16

Total
20,836
100%
3,500,000
100.00

Less than marketable parcel of $500
4
 
5
 

Voting Rights

The holders will be entitled to receive notice of any general meeting of the Bank and a copy of every circular or other like document sent out by the Bank to ordinary shareholders and to attend any general meeting of the Bank.

The holders will not be entitled to vote at a general meeting of the Bank except in the following circumstances:

in which case the holders will have the same rights as to manner of attendance and as to voting in respect of each Commonwealth Bank PERLS as those conferred on ordinary shareholders in respect of each ordinary share.

At a general meeting of the Bank, holders are entitled: