Seven’s hybrid to find a floor price?

03 August 2016

 

Seven Group announced their annual profit results and at the same time announced an on-market buy-back of up to 10% of the hybrid TELYS4 (ASX code: SVWPA) on issue. Richard Richards, Seven’s chief financial officer said the company would buy the preference shares if the price fell below a level it thought was reasonable. “Today we announce the extension of recent capital management initiatives with the buy-back of up to...

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