Westpac Banking Corp 6-K, filed Aug 3, 2021
Westpac Banking Corp (WEBNF)
About this 6-K
Westpac Banking Corp filed this 6-K on August 3, 2021.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
August 3, 2021
Commission FileNumber 1-10167
WESTPAC BANKING CORPORATION
(Translation of registrant’s name into English)
275 KENT STREET, SYDNEY, NEW SOUTH WALES 2000, AUSTRALIA
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
| Form 20-F | x | Form 40-F | ¨ |
|---|
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Index to Exhibits
| ExhibitNo. | Description |
|---|---|
| 1 | ASX Release – Westpac Group completes sale of Strategic Alliances (“Vendor Finance”) business |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| WESTPAC BANKING CORPORATION | |||
|---|---|---|---|
| (Registrant) | |||
| Date: | August 3, 2021 | By: | /s/ Yvette Adiguzel |
| --- | --- | --- | --- |
| Yvette Adiguzel | |||
| Tier One Attorney |
Exhibit 1
| ASX | Level<br> 18, 275 Kent Street <br><br>Sydney, NSW, 2000 |
|---|
Release
3 August 2021
WESTPAC GROUP COMPLETES SALE OF STRATEGIC ALLIANCES (“VENDORFINANCE”) BUSINESS
Following the announcement on 21 August 2020 of Westpac’s intention to sell its Vendor Finance business to Angle Finance ^1^, Westpac Group today announced it has completed the sale.
The sale has a negligible impact on Westpac’s balance sheet and capital ratios. A small accounting loss was recognised in FY20.
Chief Executive, Specialist Businesses & Group Strategy, Jason Yetton, said “Westpac is pleased to have successfully executed the transaction which will help Australian businesses continue to finance small ticket equipment loans to grow and be successful and help us become a simpler bank.”
For further information:
| Lisa Parrett | Andrew Bowden |
|---|---|
| Senior Manager Media Relations | Head of Investor Relations |
| 0432 933 796 | 0438 284 863 |
This document has been authorised for release by Tim Hartin, General Manager & Company Secretary.
^1^ Angle Finance is a portfolio company of Cerberus Capital Management, L.P.
