On-Market Buy-Back Facility Extended
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| Stock | Ariadne Australia Ltd (ARA.ASX) |
|---|---|
| Release Time | 3 Mar 2025, 8:22 a.m. |
| Price Sensitive | Yes |
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Ariadne Australia Extends On-Market Buy-Back Facility
Key Points
- On-market buy-back facility extended for up to 12 months
- Shares to be acquired at prices below Board's view of intrinsic value
- Acquisitions to benefit all shareholders
Full Summary
Ariadne Australia Limited has announced that it will be extending its on-market buy-back facility for a period of up to 12 months as part of the company's ongoing capital management initiatives. The buy-back is intended to allow Ariadne to acquire shares that are trading at prices below the Board's view of the intrinsic value of the shares, with such acquisitions aimed at benefiting all shareholders. An updated Appendix 3C in relation to the buy-back extension will be lodged immediately following the announcement. The buy-back facility extension is part of Ariadne's broader efforts to optimize its capital structure and enhance shareholder value.
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