The 1.92m buyback was for expired out of money shares under the ESP - no nett cash movement - wiping out a liability from employee to pay for the exercise of the entitlement.
All that has happened is the total number of shares on issue have reduced by 2m which is a little under 0.5%.
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- Ann: 2017 Full Year Results Presentation
Ann: 2017 Full Year Results Presentation, page-46
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