Business Services Industry
TELSTRA COMPLETES US$654 MLN SHARE BUYBACK.
AsiaPulse News, November, 2004
SYDNEY, Nov 15 Asia Pulse - Telstra Corp Ltd (ASX:TLS) today said it had completed a $A850 million ($US653.65 million) off market share buyback.
A total of 185,284,269 shares were bought back at $4.05 per share, representing three per cent of Telstra's non-government owned issued capital.
The final buyback price of $4.05 represented the lowest price in the tender range and was determined based on the overall level of shareholder support for the buyback.
For successful tenderers the price included a fully franked dividend of $2.55 per share and a capital component of $1.50 per share.
Telstra chief financial officer John Stanhope, said the strong support for the buyback was an excellent outcome for all shareholders, regardless of their...
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