filings.toolsItem 5. - Market for Registrant's Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
5K characters. Original on sec.gov · Markdown
Item 5. - Market for Registrant's Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our ordinary shares are traded on the New York Stock Exchange (the "NYSE") under the symbol AMCR, and our CHESS Depositary Instruments ("CDIs") are traded on the Australian Securities Exchange (the "ASX") under the symbol AMC. As of June 30, 2023, there were 104,752 registered holders of record of our ordinary shares and CDIs.
Share Repurchases
Share repurchase activity during the three months ended June 30, 2023, was as follows (in millions, except number of shares, which are reflected in thousands, and per share amounts, which are expressed in U.S. dollars):
| Period | Total Number of Shares Purchased (1) | Average Price Paid Per Share (1)(2) | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares That May Yet Be Purchased Under the Programs (3) | ||||||||||||||||||||||
| April 1 - 30, 2023 | — | $ | — | — | $ | 300 | ||||||||||||||||||||
| May 1 - 31, 2023 | 13,356 | 10.21 | 13,356 | 164 | ||||||||||||||||||||||
| June 1 - 30, 2023 | 9,641 | 9.89 | 9,594 | 69 | ||||||||||||||||||||||
| Total | 22,997 | $ | 10.08 | 22,950 |
(1)Includes shares purchased on the open market to satisfy the vesting and exercises of share-based compensation awards.
(2)Average price paid per share excludes costs associated with the repurchases.
(3)On August 17, 2022, our Board of Directors approved a buyback of $400 million of ordinary shares and/or CHESS Depositary Instruments ("CDIs") during the following twelve months. Further, on February 7, 2023, our Board of Directors approved an additional buyback of up to $100 million of ordinary shares and CDIs during the next twelve months. The timing, volume, and nature of share repurchases may be amended, suspended, or discontinued at any time.
Shareholder Return Performance
The information under this caption "Shareholder Return Performance" in this Item 5 of this Annual Report on Form 10-K is not deemed to be "soliciting material" or to be "filed" with the SEC or subject to Regulation 14A or 14C under the Exchange Act, or to the liabilities of Section 18 of the Exchange Act and will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent we specifically incorporate it by reference into such a filing.
The line graph below illustrates our cumulative total shareholder return on our ordinary shares as compared with the cumulative total return of our Peer Group, the S&P 500 Index, the S&P 500 Materials Index, and the ASX 200 Index for the period beginning June 11, 2019. The graph assumes $100 was invested on June 11, 2019, and that all dividends were reinvested.
| June 11, 2019 | June 30, 2019 | June 30, 2020 | June 30, 2021 | June 30, 2022 | June 30, 2023 | |||||||||||||||||||||||||||||||||
| Amcor plc | $ | 100.00 | $ | 102.77 | $ | 95.68 | $ | 111.82 | $ | 126.13 | $ | 105.72 | ||||||||||||||||||||||||||
| S&P 500 | $ | 100.00 | $ | 107.05 | $ | 115.08 | $ | 162.03 | $ | 144.83 | $ | 173.21 | ||||||||||||||||||||||||||
| S&P 500 Materials | $ | 100.00 | $ | 111.71 | $ | 110.47 | $ | 164.06 | $ | 149.75 | $ | 172.39 | ||||||||||||||||||||||||||
| S&P/ASX 200 | $ | 100.00 | $ | 102.08 | $ | 93.59 | $ | 131.41 | $ | 114.86 | $ | 129.24 | ||||||||||||||||||||||||||
| Peer Group | $ | 100.00 | $ | 100.12 | $ | 104.54 | $ | 124.79 | $ | 126.34 | $ | 133.70 |
The Peer Group consists of Ansell Limited, AptarGroup, Inc., Avery Dennison Corporation, Ball Corporation, Berry Global Group, Inc., Brambles Limited, Coles Group Limited, Conagra Brands Inc., Crown Holdings, Inc., Danone SA, General Mills Inc., Graphic Packaging Holding Co, Huhtamaki Oyj, International Paper Company, Johnson & Johnson, The Kraft Heinz Company, Mondelez International, Inc., Nestlé S.A., O-I Glass, Inc., Orora Limited, Pepsico, Inc., The Procter & Gamble Company, Sealed Air Corporation, Silgan Holdings Inc., Sonoco Products Company, Treasury Wine Estates Limited, Unilever PLC, Wesfarmers Limited, WestRock Company, and Woolworths Group Limited.
Previous: Item 4. - Mine Safety Disclosures · Next: Item 7. - Management's Discussion and Analysis of Financial Condition and Results of Operations