June 18 (Reuters) - Coles Group Ltd COL.AX :
* PROPERTY ACQUISITIONS/DIVESTMENTS TO BE MANAGED BUT IN ANY GIVEN YEAR SHOULD NOT EXCEED +/- $100 MILLION ON A NET BASIS
* GROSS OPERATING CAPITAL EXPENDITURE NOT EXPECTED TO EXCEED $1 BILLION PER ANNUM IN PEAK YEARS OF SUPPLY CHAIN MODERNISATION PROJECT (FY21/FY22)
* FY20 GROSS OPERATING CAPITAL EXPENDITURE (EXCLUDING PROPERTY) OF $700M - $900M, BROADLY CONSISTENT WITH FY19
* RECONFIRMS TARGET DIVIDEND PAYOUT RATIO OF 80% - 90% OF UNDERLYING EARNINGS FROM 28 NOV 2018 TO 30 JUNE 2019