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Ann: Return of Capital, Buy Back and Company Secretary Appointmen, page-69

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  1. 2,990 Posts.
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    I'm with Interactive Brokers and around that date I noticed there was some noise wrt the 16c....i suspect that it was flagged in whatever corporate event system they used and the company/asx only pulled the capital return details out of that system quite late in the day.

    what is frustrating @lexcorp is that they flagged the capital return on the 30th of August which was a few weeks after negotiating the sale of the services division.....if there was a clock it should have started back then. It seems that someone at the company or their accountant/lawyers either forgot to do anything and/or forgot to lodge/follow up on the form. It may not seem much of an issue, but 39m of shareholder funds sitting around for 1-2-3 mths extra not doing anything is a huge opportunity cost
 
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