Commonwealth Bank Statement – Capital Raising
16 December 2008
The Commonwealth Bank today announced that it had terminated the share placement agreement with Merrill Lynch International Australia Limited on the basis that Merrill Lynch did not inform potential investors of the various disclosures made by the Bank in its announcement released to the ASX at 7.30 pm on Tuesday 16 December 2008.
Under the terms of the agreement, Merrill Lynch was required to provide full disclosure to all potential investors before investors were required to commit.
The Commonwealth Bank is disappointed that Merrill Lynch did not meet its obligations.
For more information contact:
Head of Communications
Telephone (02) 9378 2663