Qantas Airways bought back Shares worth of $443.2 million

  • Nov 04, 2019 AEDT
  • Team Kalkine

Qantas Airways Limited (ASX: QAN) has finally completed its off-market buy-back of 79.7 million shares. The Value of Shares bought back is around $443.2 million.

  • Due to strong demand, a 78.69% scale back of tenders was required;
  • The Capital Component of the BuyBack Price will be $1.19
  • Payments to bank accounts and dispatch of cheques are expected to occur on or around Monday 11 November 2019;

By AEST 1:31 PM, QAN stock traded at $6.580, up by 2.016% intraday.

 

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