8-KEarnings & ResultsOther EventsExhibits & Filings

Amcor plc 8-K Report, Financial Results (Aug 20, 2019)

Filed August 20, 2019For Securities:AMCRAMCCF

Summary

This Amcor plc (AMCR) 8-K filing from August 20, 2019, primarily serves to announce key corporate actions and financial results, as detailed in a press release furnished as an exhibit. While the specific financial performance metrics are not detailed within the 8-K itself but rather in the referenced press release, the filing highlights significant shareholder-return initiatives. Investors should note the declaration of a quarterly cash dividend and a substantial share repurchase program, signaling management's confidence and commitment to returning value to shareholders. Key to investors is the declaration of a quarterly cash dividend of $0.12 per ordinary share, payable in October 2019. Additionally, the company's Board of Directors has approved a significant $500 million share repurchase program for both ordinary shares and CDIs. These actions suggest a positive outlook from Amcor's leadership regarding the company's financial health and its ability to generate cash flow, aiming to bolster shareholder returns alongside potential capital appreciation.

Key Highlights

  • 1Amcor plc announced its financial results for the year ended June 30, 2019, via a press release furnished as an exhibit.
  • 2The Board of Directors declared a quarterly cash dividend of $0.12 per ordinary share.
  • 3The dividend is scheduled to be paid on October 8, 2019, to shareholders of record as of September 11, 2019.
  • 4The dividend will be paid in US dollars for shares trading on the NYSE.
  • 5Holders of CHESS Depositary Instruments (CDIs) on the ASX will receive an unfranked dividend of 17.725 Australian cents.
  • 6The Board of Directors approved a $500 million share repurchase program for ordinary shares and CDIs.
  • 7The filing includes a cautionary statement regarding forward-looking statements and associated risks.

Frequently Asked Questions

This 8-K filing is significant as it formally announces key corporate actions, including the declaration of a quarterly dividend and the approval of a substantial share repurchase program. While the detailed financial results are in the furnished press release, these announcements signal management's commitment to shareholder returns and a potentially positive outlook.

The quarterly cash dividend is $0.12 per ordinary share. It is payable on October 8, 2019, to shareholders who are on record as of September 11, 2019.

Amcor's Board of Directors has approved a $500 million share repurchase program. This program applies to both the company's ordinary shares and its CHESS Depositary Instruments (CDIs).

Holders of Amcor's ordinary shares trading on the New York Stock Exchange will receive the dividend in US dollars. Holders of CHESS Depositary Instruments (CDIs) trading on the Australian Securities Exchange will receive an unfranked dividend of 17.725 Australian cents, which is the US dollar dividend converted at a specified exchange rate.