Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 71 - 80 of 87 results for "Share buyback"

Third time lucky as Lend Lease, GPT agree on merger

AAP  |  MONDAY, 9 AUG 2004
... agreed to effectively return a $3.4 million first half performance fee to GPT, to convert a controversial on-market share buyback to off-market and offer a facility to around 50,000 small GPT unitholders to cash out their interests. \"This is a red letter ...

Lend Lease suspends controversial share buy back

AAP  |  TUESDAY, 3 AUG 2004
Lend Lease Corporation on Monday announced it was suspending its controversial on market share buyback of up to 44 million shares until after the release of its annual results. \"In view of the forthcoming announcement of annual results on 18 August ...

Lend Lease completes $414 million share buyback

AAP  |  TUESDAY, 15 JUN 2004
Real estate group Lend Lease Corp today said it has completed a $414 million on market share buyback designed to trim about 10% of its issued capital. The property developer has bought back 41,958,434 shares between 13 June, 2003 and 12 June, 2004 at ...

St George shareholders win tax exemption

AAP  |  THURSDAY, 15 APR 2004
St George Bank Ltd shareholders have won exemption from paying tax on a 2001 share buyback, after a court ruling yesterday. St George said it granted "sell back rights" to shareholders in February 2001 in relation to an off-market buyback of its ordinary ...

NAB dumps share buyback following APRA report

AAP  |  WEDNESDAY, 24 MAR 2004
National Australia Bank is to implement new capital adequacy initiatives and terminate a share buyback after the release of a report by the banking regulator today into a forex trading scandal at NAB. The Australia Prudential Regulation Authority (APRA) ...

IAG posts strong increased in half year profits

AAP  |  THURSDAY, 26 FEB 2004
... back of resurgent equity markets and solid acquisitions, and announced plans to undertake a $350 million off-market share buyback. IAG reported a net profit of $302 million for the six months to December 31, 2003 compared with $62 million in the same ...

Unilever switches strategy as FitzGerald goes

Anglo-Dutch giant Unilever switched its focus to boosting shareholder returns on Thursday after failing to meet sales growth targets, lifting its stock, and said Chairman Niall FitzGerald would retire early. Unilever Plc/NV, the food and consumer products ...

CBA launches $450-550 mln share buyback

... result which included a $426 million writedown on its wealth management business. "A $450-$550 million off-market share buyback is planned for March 2004," CBA, Australia's second biggest bank, said. "The size of the buyback will be decided by directors ...

ATO draft ruling casts doubt on buyback structure

AAP  |  THURSDAY, 15 JAN 2004
Capital loss benefits for shareholders involved in share buybacks could be reduced following a draft ruling from the Australian Tax Office. The Australian Financial Review reported the ATO's draft determination, released yesterday, raised concerns that ...

Telstra completes $1 billion off-market share buyback

AAP  |  MONDAY, 24 NOV 2003
Telstra Corp Ltd today announced the successful completion of its $1 billion off-market share buyback, at the bottom end of the tender range offered by Australia's biggest telco. A total 238,230,580 shares will be bought back at $4.20 a share, representing ...