A review of Metcash’s capital management strategy concluded that the company’s strong financial position and cashflows provide it with capacity to return capital to shareholders while retaining sufficient capacity to fund the company’s future growth plans. Metcash announced the completion of a ~$150m Off-Market Buy-Back on Monday, 13 August 2018.
Dispatch of cheques and direct crediting to bank accounts of Buy-Back proceeds will be completed by 20 August 2018.
The ATO issued their Class Ruling relating to the Off-Market Buy-back on 29 August 2018. You can find details of the ruling in the documents below.
The documents below should not be distributed in or into or to any person located in the United States or Canada.