Bankwest shares are no longer publicly traded on the Australian Securities Exchange (ASX). The bank was delisted on 19 September 2003 following a scheme of arrangement where Bankwest became a wholly owned subsidiary of the Commonwealth Bank of Australia (CBA). As a result, Bankwest's shares ceased to be available for public trading, and its historical share price data is no longer updated or accessible through the ASX.
Accessing Historical Share Price Data
While Bankwest's shares are no longer listed, historical share price information up until the delisting date can still be accessed through the ASX announcements archive. This includes data on dividends, trading volumes, and other relevant financial information prior to the delisting. For instance, the final share price recorded on 30 June 2021 was $0.024, as reported by M8 Sustainable Limited, which had previously acquired Bankwest's assets. However, it's important to note that this data pertains to the period before the delisting and does not reflect any post-acquisition activities.
Understanding the Delisting
The delisting of Bankwest was part of a strategic move by CBA to integrate Bankwest's operations into its own, thereby consolidating its market position. The scheme of arrangement was approved by Bankwest's shareholders and optionholders, leading to the cessation of Bankwest's independent trading on the ASX. This transition marked the end of Bankwest as a publicly traded entity and its full integration into CBA's operations.
Current Status
As of now, Bankwest operates as a division within the Commonwealth Bank of Australia. It continues to offer banking products and services under the Bankwest brand, but all financial activities and reporting are now consolidated within CBA's financial statements. Therefore, there is no current share price or trading activity associated with Bankwest on the ASX.
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