Market Announcements

IMB’s Board is pleased to announce details of the third in a proposed series of buybacks under which it intends to buy back up to $16 million worth of its ordinary shares on issue through an off-market tender (“Buyback”).

IMB is pleased to announce the appointment of Ms Jan Swinhoe as a non-executive director to the Board of IMB and its subsidiaries.

The Annual General Meeting of IMB Ltd was conducted on 20 October 2014.

IMB Members are advised that the 2014 Annual General Meeting is to be held on Monday, 20 October 2014 at 10.00am (Sydney time), at the Hoskins Room, Novotel Northbeach Hotel, 2-14 Cliff Road, North Wollongong.

IMB Building Society has reported a solid result for 2013/14, with operating profit after tax of $29.1 million, a 2% improvement over the prior year.

In 2008, IMB’s Board sought a report from PricewaterhouseCoopers Securities Ltd (PwC Securities) on the relative contribution Shareholder Members have made to the permanent funding of IMB compared to the contribution made by IMB’s other Member classes (Contributed Funding).

Despite a challenging environment for financial institutions, IMB, one of Australia’s largest building societies, has again reported a solid result for the six months ended 31 December 2013.

IMB Ltd (“IMB”) today announces the completion of its off-market share buyback (“Buyback”). The Buyback was the second in a series of buybacks that IMB expects to undertake over the medium term.

IMB Ltd advises that the Deemed Market Value for the Off-Market Buyback of IMB Shares is $4.52. The final Buyback Price will be determined by applying the Buyback Discount of between 8% and 14% to the Deemed Market Value.