Qantas today announced that it had appointed Citigroup Global Markets Australia Pty Limited (Citi) and [surprise, surprise!] UBS AG, Australia Branch (UBS) to undertake the on-market buy-back of approximately 10 per cent of its shares.
Qantas CFO Peter Gregg said the buy-back, which was announced on 16 August, was expected to commence in September after relevant approvals had been completed.
He said the duration of the buy-back would depend on market conditions and any governance issues that might arise during the buy-back.
Report by The Mole
