On Market Share Buy-Back
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| Stock | Kingsgate Consolidated Ltd (KCN.ASX) |
|---|---|
| Release Time | 1 May 2025, 5:15 p.m. |
| Price Sensitive | Yes |
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Kingsgate Announces On-Market Share Buy-Back
Key Points
- Kingsgate to undertake on-market share buy-back
- Part of the company's capital management strategy
- Decision based on market outlook, liquidity, timing, and compliance factors
Full Summary
Kingsgate Consolidated Limited (ASX:KCN) has announced its intention to undertake an on-market share buy-back as part of the Board's commitment to maximising shareholder value. This decision is a part of the Company's Capital Management Strategy and was based on a range of conditions including market outlook, liquidity, timing, and internal and external compliance factors. The buy-back will be conducted in the ordinary course of trading in accordance with the terms specified in the accompanying Appendix 3C. The company believes this move will help enhance shareholder value and is in line with its overall strategic objectives.
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