About /
2012 /

Attention: open in a new window. Print

IMB Ltd Off-Market Share Buyback Deemed Market Value    

 

IMB Ltd advises that the Deemed Market Value for the Off-Market Buyback of IMB Shares is $3.45. The final Buyback Price will be determined by applying the Buyback Discount of between 5% to 10% to the Deemed Market Value.

 

The Deemed Market Value has been calculated as the volume weighted average price (“VWAP”) of IMB Shares traded on the IMB Market over the 10 days on which Shares traded prior to the announcement of the Buyback on 31 July 2012 adjusted for the movement in the S&P/ASX Small Ordinaries index from the date of the announcement of the Buyback to the Closing Date, being today. The VWAP was $3.19 and the S&P/ASX Small Ordinaries index has increased by 8.2% from 2,111.4 on 31 July 2012 to 2,284.2 on 19 September 2012.

 

The results of the Buyback, including the actual Buyback Price and any scale back are expected to be announced on Thursday 27 September 2012.

 

Further Information

 

Further information about the Buyback can be found on IMB’s website at www.imb.com.au or in the Buyback Booklet which was mailed to shareholders. Shareholders may also call the IMB Buyback information line on 1300 585 271 from within Australia or 61 2 4298 0190 from outside Australia between 9:00am and 5:00 Monday to Friday (AEST).

You may also be interested in...

IMB Bank Community Marquees


Find out more

We are proud to support these amazing community projects


Check them out

Bank where and when you like. Explore our Mobile App features.


Explore

Why choose us?

Established in 1880, we have been helping people achieve their financial goals for 140 years and are rated by Forbes as one of the World’s Best Banks. We offer a full range of competitive banking, including home and personal lending, savings and transaction accounts, term deposits, business banking, and can arrange financial planning, insurance and travel products.

We provide simple and secure digital banking solutions online and on mobile, and members enjoy access to free automated phone and internet banking, and a team of professionals at our locally based contact centre. With a growing branch network throughout the Illawarra, Sydney, NSW South Coast, Newcastle/Hunter, the ACT and Melbourne, we have a lending specialist in every branch and a team of mobile lending specialists who will come to you.

Find out more