Foster's Group has completed a share buy-back.

The drinks company said today (15 October) that it has bought back A$250m (US$226.5m) worth of shares in the off-market tender. Earlier this summer, Foster's said it would follow the off-market tender with an on-market buy-back for a further A$100m.

The off-market programme saw Foster's buy 43m shares - representing 2.2% of the company's issued capital - at A$5.82 per share, a 14% discount on the current market price of A$6.7731.

"This is an excellent result for Foster's shareholders", said Foster's CEO Trevor O'Hoy. "This result delivers on our commitment to return approximately $250m of capital to shareholders via an off-market share buy-back."

Payment will be made to shareholders by this Friday (19 October).

In August, Foster's posted a 17.1% slide in net profit for the 12 months to the end of June, coming in at A$966.2m. Sales for the period were up, however, by 5% to A$4.77bn.