What is the Cash Distribution Programme of MWB?
Shareholders approved implementation of the Cash Distribution Programme at an extraordinary general meeting held in May 2002. The Board is continuing to implement the Cash Distribution Programme, which involves distributing surplus funds to Shareholders by means of tender offers to Shareholders, buy-backs of Ordinary Shares in the market, cash distributions, demergers, distributions of assets and similar value distribution programmes. Since May 2002, the Company has purchased approximately 68 million Ordinary Shares under this programme, representing approximately 50% of the issued share capital at the date of its implementation, returning approximately 80 million in cash to Shareholders.
