amcor to buy back up to 50 million shares

Sydney - Monday - July 24: (RWE Aust Business News) - Amcor Ltd
(ASX:AMC) has announced it will buy back up to 50 million shares as part
of its capital and debt structure management.
The number of shares to be repurchased will be equivalent to the
number of shares issued in connection with the conversion of 1996
Perpetual Redeemable Income Debt Exchangeable for Stock (PRIDES).
Based on recent market prices of Amcor ordinary shares and
exchange rates, and assuming that all PRIDES are converted prior to
November 19, Amcor said the PRIDES would convert into approximately 45
million shares.
The buyback period is for one year from today, and JP Morgan
Securities Australia Ltd is the broker acting on Amcor's behalf.