Chart Update, page-16186

Thanks for that, must have missed it.


This was from the FY17 annual report, my memory must be going because I have zero recollection of this buyback. Did it ever happen?

"The Board has been evaluating capital management alternatives whilst continuing to maintain a flexible and conservative capital structure and now intends to establish an on-market buyback of the Company’s shares over the next 12 months of up to $40 million. Further details of the on-market buyback will be announced prior to commencement of the buyback. In addition, the Board remains open to consider the merits of a special dividend
in light of progress on the buyback and future market conditions."

And then in the following HY18 report:

"The Board continues to consider the appropriate use of the Company’s available capital in the best long-terminterest of shareholders. This includes a review of opportunities to invest directly in blending and canningcapability as part of our longer-term nutritional products sourcing plan, as well as continued consideration of anon-market share buyback and implementation of a dividend policy."

So you can see it was around that point that they bumped up investment in manufacturing as a priority, now that is achieved I think the other two priorities might move back up a bit.