Crown Resorts Limited
(ASX:CWN) has announced it intends to buy-back any and all of of its outstanding Subordinated notes listed on the ASX, totaling about $530 million.
The company also announced it intends to buy-back about $500 million ordinary shares.
Crown Resorts says the ordinary shares purchased under the buy-back will be based on the company’s closing price of $11.65 on 3 March 2017.
In regards to its subordinated notes, note holders are encouraged to contact their brokers if they wish to sell their notes.
Crown Resorts Limited
(ASX:CWN) reported $191.3 million in net profit after tax for the first half of the 2017 financial year.
