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Well its share buy back but they are buying them off the...

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    Well its share buy back but they are buying them off the shareholders rather than the market.
    For example it buys back x amount of share of each shareholder for X amount that returns 10million .
    This avoids tax as it is a capital return . ( for NZ shareholders anyway)

    Agree I wouldn't like to see a Sharebuy back from market
 
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