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Company News Summary

Inghams Group Announces On Market Share Buy Back and Approval of Capital Return

06 Dec 2018  |  18:19:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: On Market Share Buy Back and Approval of Capital Return

Inghams Group announced that it has approved a return of capital to shareholders of $125m ($0.33 per ordinary share) (Capital Return). The tax treatment of the return of capital will be the subject of a Class Ruling to be issued by the Australian Taxation Office. The final version of the Class Ruling will be published on the ATO website and a notice included in the Gazette. The record date for determining entitlement to participate in Capital Return is 11 December 2018 and Implementation date is 18 December 2018. The Company also announced that the Board has approved the implementation of an on-market share buyback of up to $50m of the Company's ordinary shares intended to commence after the announcement of the Company's FY2019 first half results on 27 February 2019.

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