Abano Provides Details Of Dividend And Share Buy-Back Offer

Abano Healthcare Group Limited has today declared a special early interim dividend of 52 cents per share and provided further details of the off-market, pro rata voluntary share buy-back offer.

Chair of Abano, Alison Paterson, said: “The settlement today of the sale of Abano’s interest in the Bay Audiology business to National Hearing Care has resulted in a capital gain of over $70 million. As previously advised to shareholders, the Board’s intention is to return excess available funds by way of a special early interim dividend and by undertaking an off-market pro rata voluntary share buy-back and cancellation.”

ENDS