Company: WEBNF
Filing Date: 2025-11-04
Form Type: 20-F
Source: 0001104659-25-105894
Chunk: 124

Company: WESTPAC BANKING CORP
Filing Date: 2025-11-04
Form: 20-F
Item: Item 14
Chunk 124
---
 in dividends and, in the event of Westpac winding up, to a share of the proceeds in proportion to the number of and amounts paid on the shares held.
Each ordinary share entitles the holder to one vote, either in person or by proxy, at a shareholder meeting.
Reconciliation of movement in number of ordinary shares​

              ​                  ​          ​         ​          ​      
------------------------------------------------------------------------
Consolidated and Parent Entity                    ​   ​                ​
(number)                         2025                 2024              
Opening balance                       3,441,411,361        3,509,076,960
Share buybacka                   ​     (21,058,056)   ​     (67,665,599)
Closing balance                       3,420,353,305        3,441,411,361
​

a.   Westpac previously announced its intention to undertake a $3.5 billion on market buyback of WBC ordinary shares. During 2025 Westpac has bought back and cancelled 21,058,056 ordinary shares ($672 million) at an average price of $31.93.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Ordinary shares purchased on market​

                                                  ​                                                     ​       ​       ​           ​        
---------------------------------------------------------------------------------------------------------------------------------------------
​                                                                                                       2025                                 
Consolidated and Parent Entity                                                                                 Number       Average Price ($)
For share-based payment arrangements:                                                                   ​               ​                    
Employee share plan (ESP)                                                                               ​     807,480   ​               31.77
Westpac Equity Incentive Plan (EIP) - Restricted Sharesa                                                ​   1,913,828   ​               32.26
Westpac Performance Plan (WPP) - share rights exercised                                                 ​      43,924   ​               31.58
Westpac Equity Incentive Plan (EIP) - Unhurdled share rights exercised                                  ​      21,345   ​               32.75
Westpac on-market share purchase for future share rights exercises and restricted shares allocationsb   ​     752,522   ​               36.91
Long Term Variable Reward (LTVR) Plan – share rights exercised                                          ​       3,835   ​               31.10
Total number of ordinary shares purchased on market                                                     ​   3,542,934   ​                   ​
​

a.   Ordinary shares allocated to employees under the EIP as Restricted Shares are classified as treasury shares until the shares vest.
--------------------------------------------------------------------------------------------------------------------------------