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%
Aug 7 (Reuters) - Suncorp Group Ltd (SUN) : ANNOUNCES $506...
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Last
$20.76 |
Change
0.160(0.78%) |
Mkt cap ! $22.48B | |||
| Open | High | Low | Value | Volume |
| $20.53 | $20.80 | $20.43 | $41.47M | 2.000M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1111 | $20.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.80 | 7394 | 3 |
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| SUN (ASX) Chart |