May 8 (Reuters) - Orora Ltd ORA.AX :
* INTENDS TO RETURN A$600M TO SHAREHOLDERS BY 30 JUNE 2020
* EXPECTS CHALLENGING MARKET CONDITIONS TO PERSIST FOR REMAINDER OF FY20
* PLANNED RETURN COMPRISING A CAPITAL RETURN OF $150M & A SPECIAL DIVIDEND OF A$450M
* ADVERSE FINANCIAL IMPACT FROM COVID-19 IN H2 ESTIMATED AT ABOUT A$25.0M
* SHARE CONSOLIDATION OF 0.8 SHARES FOR EVERY 1 EARNINGS PER SHARE CURRENTLY HELD TO BE UNDERTAKEN