23 July 2002
Foster’s Group Limited today announced that it will commence an on-market share buy-back of up to 9 million shares of its outstanding issued capital.
On 9 November 2001, Foster’s advised the ASX of its intention to buy back on market up to a maximum of 50 million shares over a 12-month period.
Consistent with this announcement and its ongoing capital management policy, Foster’s intends to commence buying back shares equivalent to the amount of new shares issued under the company’s employee share plans in fiscal 2002.
Foster’s intends to continue with this buy-back policy for new shares issued under its employee shares plans in the future, subject to satisfactory conditions prevailing.
Tel: +613 9633 2233
Vice President Capital Markets
Tel: +613 9633 2641