Foster's Group Limited (Foster's) advises that it intends to implement an on-market share buy-back programme, up to a maximum of 50 million shares or 2.5%, of its outstanding issued capital, over the next 12 months.
Initially, Foster's will buy approximately 10 million shares with further purchases to be made to meet the group's ongoing capital management objectives.
The initial phase of the buy-back will raise gearing by approximately two percentage points from its current level of approximately 90%.
Further information:
Media
Nicole Devlin
Foster's Corporate Affairs
Tel: +613 9633 2265
Mob: 0418 202 375
Email: nicole.devlin@fostersgroup.com
Investor Relations
Domenic Panaccio
V-P Capital Markets
Tel: +613 9633 2641
Email: domenic.panaccio@fostersgroup.com
