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McMillan Shakespeare Provides Further Update in Relation to Off Market Share Buy Back

09 Oct 2019  |  09:45:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Further update in relation to Off Market Share Buy Back

McMillan Shakespeare announced that it would be seeking ATO approval to vary the methodology used in determining the Tax Market Value for the purposes of the Off-Market Buy-Back. The change was required as the movement in the Company's share price created a situation where an adjustment by the S&P/ASX 200 Index may not have reflected an appropriate Tax Market Value for the BuyBack. The Commissioner of Taxation has approved the use of the S&P/ASX 200 Consumer Staples Index to adjust the VWAP instead of the S&P/ASX 200 Index.

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