Our second topic for the afternoon was the Buy Back of Rio Tinto shares which opened on October 9 and ran until November 9 2018. We examined how the Tender Price is calculated, and discussed what is meant by a Minimum parcel of shares for buying back as well as special conditions of the Buy Back. From understanding these terms it will be easier for members of the group to assess other Buy Backs in the future and whether they want to participate or not.
The final topic of the afternoon was the demerger of Wesfarmers which will be voted on by their shareholders in November 2018. Wesfarmers are a relatively popular share and the demerger of Coles from the conglomerate has caused quite a deal of interest.