June 27 (Reuters) - Scentre Group SCG.AX :
* DISPOSES SYDNEY CBD OFFICE TOWERS FOR $1.52 BILLION ANNOUNCES $800M SECURITY BUY-BACK PROGRAM
* FORECAST DISTRIBUTION FOR 2019 REMAINS UNCHANGED AT 22.60 CENTS PER SECURITY
* PROCEEDS FROM TRANSACTION WILL INITIALLY BE USED TO REPAY DEBT
* TRANSACTION IS EXPECTED TO BE DILUTIVE TO FUNDS FROM OPERATIONS IN 2019 BY ABOUT 0.4 CENTS PER SECURITY
* FFO DILUTION DOES NOT TAKE INTO ACCOUNT REDEPLOYMENT OF CAPITAL, INCLUDING $800 MILLION SECURITY BUY-BACK PROGRAM Source Text https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02118029 Further company coverage: SCG.AX