Skip to main content

Investments prompt share buyback to be scaled back

27 April 2005 |Media centre

Bendigo Bank today said it would scale back its on-market share buyback program following two significant investments announced during April:

  • The purchase of five per cent of the shares in Select Managed Funds, announced on 1 April, and
  • The purchase of Oxford Funding Pty Ltd announced today.

Bendigo Bank had previously announced it would buy back up to five million of its 135.6 million listed ordinary shares.

It will now buy back up to 2.85 million of its listed ordinary shares.

The buyback is being managed by Macquarie Securities.

Related Topics

Bendigo and Adelaide Bank acknowledges Aboriginal and Torres Strait Islander peoples as the First Peoples of this nation and the Traditional Custodians of the land where we live, learn and work. We pay our respects to Elders past and present as it is their knowledge and experience that holds the key to the success of future generations.

Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL / Australian Credit Licence 237879. Any advice provided on this website is of a general nature only and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Please read the applicable Disclosure Documents before acquiring any product described on this website. Please also review our Financial Services Guide (FSG) before accessing information on this website. Information on this page can change without notice to you.

© Copyright 2024 Bendigo and Adelaide Bank