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Metcash Announces Successful Completion of $200m Off-Market Buy-Back

16 Aug 2021  |  08:59:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Successful completion of $200m Off-Market Buy-Back

Metcash announced that it has successfully completed an Off-Market Buy-Back of $200m of its ordinary shares (Buy-Back). Following the support for the Buy-Back, the Company has elected to buy back $25m more than the indicative $175m announced on 28 June 2021. The Buy-Back Price was $3.52 per share which represents a discount of 14% to the Market Price. The Company bought back 56.8m shares, for total consideration of $200m.

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