IAG Research Centre. The AGM will be Philip Twyman’s last as a Non-Executive Director of IAG. The capital management initiative reduced the total number of ordinary shares on issue from around 2,368 million to around 2,311 million (a reduction of around 57 million ordinary shares), however each shareholder still owns the same proportionate interest in IAG after the consolidation as they did before the consolidation (subject to the rounding up of fractional entitlements to the next whole number of ordinary shares).IAG announced the proposed capital management initiative to distribute surplus capital to shareholders in its The following table confirms the impact of IAG’s 2018 capital management initiative for individual shareholders:The key dates for the IAG 2018 capital management initiative were: For more information on the tax consequences of owning shares acquired from the demutualisation following the 2018 capital management initiative, please visit our Manager Company Announcements Office Australian Stock Exchange Limited Level 4, Exchange Centre 20 Bridge Street SYDNEY NSW 2000 Fax: 1300 300 021. • the Capital Management Initiative proposed by the Company to return surplus capital to shareholders. Level 13, Tower 2 Please see the instructions below in order to account for the IAG 0.9760 for 1 consolidation:Lincoln Indicators Pty Limited ABN 23 006 715 573. In detail . Annual meetings . Capital management initiative. On 15 August 2018, IAG announced a proposed capital management initiative, being: • a payment of 25 cents per ordinary share, comprising a capital return of 19.5 cents per ordinary share and a fully franked special dividend of 5.5 cents per ordinary share; and • an equal and proportionate consolidation of … Shared value innovations. Annual General Meeting 2019. What's new . On 15 August 2018, IAG announced a capital management initiative that was settled on 26 November 2018. Collectively, these initiatives were referred to as the capital management initiative, approved by shareholders at the 2018 Annual General Meeting held on 26 October 2018 (AGM).The total payment to shareholders was approximately $592 million.The capital return and special dividend were accompanied by an equal and proportionate consolidation of ordinary shares.