Oct 1 (Reuters) - National Bank of Canada NA.TO :
* National bank announces a common share offering, restructuring charges in its
fiscal 2015 fourth quarter earnings, and provides an update on its investment
in Maple financial group inc
* Says bought deal common share offering for $300 million to strengthen its
capital base
* Expects to take charge in its Q4 relating to certain restructuring
initiatives aggregating to a total of approximately $85 million
* Entered into agreement with a syndicate of underwriters for issue of 7.2
million common shares, at $41.90 per share
* Says restructuring charges relate to employee severance charges, premises
optimization and professional fees
* Entered into an agreement with underwriters for an issue of 7.2 common
shares, at a price of $41.90 per common share
* Says estimates that its cet1 ratio will be approximately 9.8% as at October
31, 2015
* Says restructuring benefits will be fully realized in fiscal 2016; modest
savings are expected in 2015
* Restructuring charges benefits will be fully realized in fiscal 2016; modest
savings are expected in 2015
* Says net proceeds of offering will be used for general corporate purposes,
will qualify as cet1 capital for national bank
* Source text for Eikon ID:nCCNc1RpFG
* Further company coverage NA.TO