No, it is an on-market buyback so they pay the market price, just like you and me, each day they decide to buy shares. The $29 quoted is an assumed price based on Fridays close but they can buy above or below this price over the 12 months and can spend more or less than the $1.59 billion quoted based on the price they pay for shares.
I believe there is some restriction on the intra-day price movement allowed for purchases but I am not sure on this.
question, page-6
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Last
$307.95 |
Change
2.480(0.81%) |
Mkt cap ! $148.7B | |||
| Open | High | Low | Value | Volume |
| $308.99 | $308.99 | $305.97 | $167.2M | 556.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8 | $307.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $307.97 | 52 | 8 |
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| Last trade - 15.46pm 09/08/2024 (20 minute delay) ? |
| CSL (ASX) Chart |