It is my understanding that the tax components of the buyback depending on the level of capital the company has to return. I can't remember the exact amount of the buyback but read $300m recently. You can't pay capital back to shareholders unless you have enought balance in the share capital account.
The company only has $196,757,000 in share capital (see below) and, since the amount allocated to the share capital account must be done on a "pro rata" basis, I can see over half the buyback being taxable income to the shareholder.
It is my understanding that the tax components of the buyback...
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Last
$10.76 |
Change
-0.090(0.83%) |
Mkt cap ! $324.4M | |||
| Open | High | Low | Value | Volume |
| $10.85 | $10.85 | $10.55 | $94.71K | 8.899K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 880 | $10.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.76 | 96 | 1 |
View Market Depth
| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| PAC (ASX) Chart |