Aug 7 (Reuters) - Suncorp Group Ltd (SUN) :
- ANNOUNCES $506 MILLION SHAREHOLDER DISTRIBUTION
- PROPOSED CAPITAL RETURN, EQUATING TO 39 CPS, WILL BE COMBINED WITH RELATED SHARE CONSOLIDATION WHICH WILL BE ACCRETIVE TO EPS
- IF APPROVED, CAPITAL RETURN WILL BE MADE ON 24 OCTOBER 2019
- COMMENCED A 20-YEAR STRATEGIC ALLIANCE WITH TAL OFFERING MARKET-LEADING LIFE INSURANCE SOLUTIONS VIA CO'S AUSTRALIAN DISTRIBUTION CHANNELS
- CAPITAL RETURN WILL BRING TOTAL RETURN TO SHAREHOLDERS FROM SALE OF AUSTRALIAN LIFE INSURANCE BUSINESS TO $610 MILLION
- PROPOSED CAPITAL RETURN, EQUATING TO 39 CPS, TO BE COMBINED WITH RELATED SHARE CONSOLIDATION WHICH WILL BE ACCRETIVE TO EPS
- BASED ON CALCULATION, CONSOLIDATION RATIO IS 0.9710 AND, IF APPROVED BY SHAREHOLDERS, WILL REDUCE NUMBER OF SHARES ON ISSUE BY ABOUT 2.9%
News: SUN Suncorp Group Announces $506 Mln Shareholder Distribution
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Last
$20.60 |
Change
0.120(0.59%) |
Mkt cap ! $22.30B | |||
| Open | High | Low | Value | Volume |
| $20.36 | $20.60 | $20.28 | $38.58M | 1.878M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $20.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.62 | 1120 | 2 |
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