Ampol (ASX:ALD) successfully completes $300 million off-market share buy-back
Ampol (ASX:ALD) has successfully completed a $300 million off-market share buy-back.
A total number of 11.4 million shares were bought-back at at a 14 per cent discount price of $26.34 per share.
Applicants were scaled back 89.4 per cent due to the strength of demand.
Ampol has requested a Class Ruling from the Australian Taxation Office (“ATO”) in relation to the tax implications of the Buy-Back.
Shares in Ampol (ASX:ALD) are trading 3.5 per cent lower at $29.72.
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Source: Finance News Network
