FOSTER'S SHARE BUY-BACK MARKET PRICE
On 28 August 2007, Foster's Group Limited (Foster's) announced its intention to buy back up to $250 million worth of shares through an off-market share buy-back tender process.
Shareholders were invited to tender some or all of their shares, at discounts of between 8% and 14% inclusive to the Market Price1 or as a final price tender, by 7:00pm (Melbourne Time) today.
The Market Price1 for the buy-back has been determined to be $6.7731. For the range of tender discounts set out in the buy-back booklet the equivalent buy-back prices are as follows:
|
Tender Discount |
Equivalent Buy-Back Price |
|
14% |
$5.82 |
|
13% |
$5.89 |
|
12% |
$5.96 |
|
11% |
$6.03 |
|
10% |
$6.10 |
|
9% |
$6.16 |
|
8% |
$6.23 |
Results of the share buy-back tender, including the buy-back discount, the buy-back price, and scale-back (if any), are expected to be announced on 15 October 2007.
For further information regarding the Tender process, please consult the buy-back booklet, available from www.fostersgroup.com or contact the Foster's share buy-back information line on 1300 731 671 within Australia or +61 3 9415 4684 if you are calling from outside Australia.
1 Volume weighted average price of Foster's ordinary shares on the Australian Securities Exchange over the five trading days up to and including 12 October 2007, excluding certain trades considered to be not 'at market' trades.
Further information:
Media Investors
Troy Hey Chris Knorr
Tel: +61 3 9633 2085 Tel: +61 3 9633 2685
Mob: +61 409 709 126 Mob: +61 417 033 623
