The AGL Share Register is managed and maintained by Link Market Services Limited
AGL Shareholders who wish to:
- inquire about their current shareholding or shareholding history
- inquire about dividend payments/dividend payment history
- change address details
- notify or modify banking instructions, direct credit details etc
- notify Tax File Number (TFN) or Australian Business Number (ABN) details
- nominate preferences for receipt of Annual Reports
should contact Link Market Services Limited directly, quoting their Shareholder Reference Number (SRN) or Holder Identification Number (HIN), via the following means:
Financial and/or taxation advice
Shareholders (or potential Shareholders) seeking advice with regard to the purchase and/or sale of AGL shares and personal taxation issues should contact their stockbroker, accountant or suitably qualified professional advisor. Both AGL and Link Market Service Limited are unable to provide such advice to existing or potential Shareholders.
AGL on-market share buy-back
AGL has announced an on-market share buy-back of up to five percent of its issued share capital representing 33,735,619 shares (with a market value of $596 million based on AGL’s closing share price on 27 September 2016).
The share buy-back is scheduled to commence no earlier than 13 October 2016 and it will run for no more than 12 months.
Shareholders who wish to participate in the share buy-back should do so in the usual way that they would sell their shares.
For further information, please see the Appendix 3C which was lodged with the ASX on 28 September 2016.
AGL reserves the right to vary, suspend or terminate the share buy-back at any time and to buy back less than the 33,735,619 shares stated.
The following Q&A has been developed for shareholders.
Q&A: Share buy-back
Why has AGL announced a share buy-back?
AGL is in a strong position to fund its existing business, invest in new initiatives and fund potential growth options outside its existing business - and retain a flexible balance sheet amid the evolving energy industry.
Even after considering this, AGL remains in the position of having considerable headroom on its balance sheet so – given the Board’s confidence in the outlook - believes providing shareholders the opportunity to participate in a share buy-back is appropriate.
How will retail shareholders access the buy-back?
In the same way as they would normally sell shares in AGL. i.e. through a stockbroker.
Does AGL recommend that all shareholders participate?
This is entirely a decision for individual shareholders.
The advantage of an on-market buy-back is that any shareholder can participate in the normal course of trading.