On-market share buy-back and shares purchased on-market
On 8 August 2019, AGL announced its intention to undertake an on-market buy-back of up to 32,791,252 shares (being approximately 5% of AGL’s issued ordinary shares). As at the date of this report, 32,686,947 AGL shares have been bought back. The buy-back is scheduled to complete by 22 August 2020.
During the financial year ended 30 June 2020, 520,858 AGL shares were purchased on-market at an average price of $19.13 per share to satisfy employee entitlements under the AGL Share Reward Plan, AGL Share Purchase Plan, AGL Restricted Equity Plan and the AGL Long-Term Incentive Plan.