Ann: 2021 Appendix 4G, page-5

So because of these actions we saw no dividend in 2021! What a crock.
The 10% share buyback at $7.01 Average only really helped Seven Group Holdings position in Boral.

Returning capital to shareholders
Proceeds of $1.3 billion from the sale
of Boral’s stake in USG Boral were
used to reduce debt, and surplus
capital was returned to shareholders
through a 10% share buy-back,
which completed in July 2021 for an
average price of $7.01 per share.
As such, given the return of capital
already undertaken, no further
buy-back has been announced and
no dividend will be paid.

Now we have 3.2 Billion? and no dates or timelines, just how many franking credits are held?

Come on give us a break, either buy something or return capital................with timelines.


However, when divestments of
North American Building Products,
Meridian Brick and Australian
Timber are complete, we expect
to have further proceeds of
almost $3.2 billion, with significant
surplus capital available to return
to shareholders.
The Board will determine the most
appropriate way to return the
surplus capital to shareholders
after considering the availability of
franking credits, the prevailing share
price and what is in the best interests
of shareholders as a whole.