Exco is pleased to announce that, in consultation with its major shareholders, it has conducted a review of its capital management options in the context of the Company’s post-deal cash position.
The outcome of the review is that, subject to the successful completion of the sale, the Company intends to return $135 million of the after-tax cash retained in the Company to Exco shareholders by 31 October 2011.
To read the full announcement, please click on the following link:
http://www.excoresources.com.au/investors-center/asx-announcements.aspx
