28 Mar 2013

Tower to return capital to shareholders

8:07 am on 28 March 2013

Tower says it will return $120 million of capital to shareholders from the proceeds of the Tower Health sale.

Shareholders voted last week to return the capital.

Tower says the repayment will be on a pro rata basis, with three shares for every 13 being cancelled, at the price of $1.92 for each cancelled share.