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 on Monday, 25 June 2018 its intention to conduct a ~$125 million Off-Market Buy-Back, which, if appropriate, can be scaled up.
Full details of the Buy-Back has been mailed or e-mailed to shareholders on 4 July 2018. Find a copy of the Buy-Back booklet.
The Tender Period opens on Monday, 16 July 2018. Tenders must be received by the Registry no later than 5.00pm (Sydney Time) on Friday, 10 August 2018. An announcement of the Buy-Back Price and scale back (if any) will be made to the ASX on Monday, 13 August 2018 with Dispatch/Crediting of Buy-Back proceeds to participating shareholders completed on Monday, 20 August 2018.
If you have an Issuer Sponsored Holding and you need to withdraw or amend a Tender that has been received by the Registry please submit a Withdrawal/Amendment Form.
These documents should not be distributed in or into or to any person located or resident in the United Stated or Canada.