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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$21.82 |
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Mkt cap ! $23.63B | |||
| Open | High | Low | Value | Volume |
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| 1 | 5740 | $21.69 |
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