Westpac equity base bolstered by share right conversions

Westpac Banking Corporation has announced the conversion of 12,097 unquoted share rights (ASX:WBCAB) into fully paid ordinary shares (ASX:WBC), effective September 30, 2025. These conversions occurred between July 15, 2025, and August 20, 2025, under an employee incentive scheme.

Simultaneously, 2,796 unquoted share rights (ASX:WBCAB) lapsed on September 30, 2025, due to unmet or incapable conditions, with no consideration paid by the entity. Following these adjustments, the total number of unquoted share rights (ASX:WBCAB) stands at 4,492,059 after conversions and 4,501,360 after cessations.

The total issued ordinary fully paid shares (ASX:WBC) now number 3,420,353,305. Westpac's updated capital structure also includes various quoted debt securities and unquoted convertible securities, such as $5.0% Fixed Rate Reset Perp Sub Conv Securities (WBCAC) totaling $1,250,000,000.