The ASX has communicated to all market participants of an industry-wide ASX settlement failure that occurred on Friday the 20th of December. This failure has meant that CHESS was not able to complete market settlement on Friday and has deferred settlement to Monday the 23rd of December. For those clients who had sell trades settling on Friday we have ensured those sale proceeds have been made available to you for trading on Monday. Stock delivery for clients who had buy trades settling will need to wait until Monday before the shares become available to sell. We apologise for any inconvenience this ASX outage has caused.
The C-Suite: David Koczkar, Medibank CEO
Private health insurer Medibank has seen its full year net profit rise to $570.4 million. Operating profit rose 6.3%. Operating margins up 20 basis points. An additional $305 million in Covid relief has been given back to customers, taking its total support to 1.46 billion. Medibank private will pay a 9.4 cents a share final dividend, fully franked, and has lifted its full year fully franked dividend to 16.6 cents. Hear from company CEO David Koczkar for more.