SIOUX FALLS, S.D.--(BUSINESS WIRE)--Great Western Bancorp, Inc. (NYSE:GWB) today announced the closing of the underwritten public offering of 12,563,269 shares of common stock and the full exercise of the underwriters’ option to purchase an additional 1,256,327 shares. The shares were offered at a public offering price of $23.50 per share. GWB also announced that it completed its repurchase from National Australia Bank (NAB) of 2,666,518 shares of GWB common stock at a per share price equal to approximately $22.50.
GWB did not sell any shares in connection with the offering and did not receive any proceeds from the sale of shares by NAB. NAB has completely divested its shares and no longer holds any ownership stake in GWB common stock.
BofA Merrill Lynch, Deutsche Bank Securities and J.P. Morgan acted as joint book-running managers and underwriters of the offering.
A registration statement relating to the shares of common stock sold by NAB in the offering was declared effective by the Securities and Exchange Commission on July 27, 2015. The offering was made solely by means of a prospectus, copies of which may be obtained from: BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, New York, NY 10038, via email: dg.prospectus_requests@baml.com; Deutsche Bank Securities Inc., Prospectus Group, 60 Wall Street, New York, NY 10005-2836, via telephone (800) 503-4611 or via email: prospectus.cpdg@db.com; and J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Prospectus Department, or by calling 866-803-9204.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Great Western Bancorp, Inc.
Great Western Bancorp, Inc. is the holding company for Great Western Bank, a full-service regional bank focused on relationship-based business and agribusiness banking. Great Western Bank offers small and mid-sized businesses a focused suite of financial products and a range of deposit and loan products to retail customers through several channels, including the branch network, online banking system, mobile banking applications and customer care centers. The Bank services its customers through 158 branches in seven states: South Dakota, Iowa, Nebraska, Colorado, Arizona, Kansas and Missouri. To learn more about Great Western Bank visit www.greatwesternbank.com.
Forward Looking Statements
This press release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, that involve risks and uncertainties, including statements related to the closing of the secondary offering. A number of factors could cause actual results to differ materially from those in the forward-looking statements. These factors are outlined in the registration statement related to the offering. Any forward-looking statement speaks only as of the date on which it is made, and Great Western Bancorp, Inc. disclaims any obligation to update any of the forward-looking statements to reflect future events or developments or changes in expectations, except as required by law.
