Ann: Daily share buy-back notice - Appendix 3E, page-10

From todays presentation:

Buyback
•
With a strong balance sheet, the Board has implemented an on
-market buyback
-
The Board considered a special dividend but holds no franking credits
•
All shareholders are able to participate in the buyback and some Directors of ITL may participate

If Buyback starts again we might go back to 47 cts. If not we might indeed see prices below 40 cts. Wonder if some directors may participate, would not be a good look near term.