On 22 February 2017 Coca-Cola Amatil ("'Amatil", "the Company" ASX:CCL) announced it had established an on-market share buyback program ("the buyback program") for shares up to the maximum aggregate amount of $350 million.
The buy-back program commenced in April 2017 and ran until November 2017. The number of shares and timing of purchase was dependent on Amatil's share price and market conditions. Based on Amatil's closing share price of $9.91 on 21 February 2017, the buyback was estimated to equate to approximately 4.6 per cent of the Company's issued capital.
The buyback program did not impact Amatil's existing dividend policy. After completion of the buyback, Amatil retained a strong balance sheet with the capacity to fund further strategic initiatives. Further information on the buyback is available in the ASX Announcements linked from this page.