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I own NAB shares and I wanted to participate in the share purchase plan, but when I read the information about it online it seems I am not eligible because I am non resident for tax purposes and live in Malaysia.
Would you be able to confirm for me if this is the case? If so is generally true that I would not be able to participate in these type of offers as they are generally restricted only to those share holders who are domiciled in Australia? I asked Computer share if I could participate in the Oil Search offer and their reply was also that as my address is in Malaysia I could not.
I do hope you could enlighten me on this as I am finding it all very confusing.
A: Yes, you must have a registered address in Australia or New Zealand. You are not eligible.
This is pretty common with these sorts of offers. Otherwise, the offer may need to comply with specific country securities law (eg. Malaysian law). The NAB doesn’t have many retail shareholders outside Australia and New Zealand, and the cost to comply with securities laws in multiple jurisdictions would be prohibitive.
