Business Services Industry
IAG share buyback draws a "steady response".
Australasian Business Intelligence, June, 2002
Jun 13, 2002 (The Sydney Morning Herald
ABIX via COMTEX) -- On 13 June 2002, Insurance Australia Group said its $A300m share buyback has drawn a "steady response". The offer closes on 20 June. Chief financial officer, George Venardos, said shareholders should seek professional advice about whether to sell their shares into the buyback. The buyback comprises a capital component of $A1.78 a share and the balance as a fully franked dividend. Original shareholders will incur no capital gains tax from selling into the offer.
Publication Date: 14 June 2002
INSURANCE AUSTRALIA GROUP LIMITED -
ASX IAG
By Anthony Hughes
All copyright subsisting under the Copyright Act 1968 (Commonwealth) resides in us. No part of the...
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