Forum Archive Index - September 2001

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Re: [sharechat] RBC buyback

From:	"G Stolwyk" <stolwyk@wave.co.nz>
Date:	Tue, 4 Sep 2001 18:09:22 +1200

RBC bought 3.9 mill. shares @ 74 cents and have now 279.976 mill. shares instead of the original 352.3 mill. shares.

It seems to me that, unless they have more cash, they can only buy up to 2 mill. shares.

There will be some costs but they will have some interest income to offset that.

As soon as the buyback is completed, the RBC / FFS ratio will need to be redefined.

We are also expecting their Annual Announcement.

Gerry

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