Extension of On-Market Share Buy-back (2025-26)
Stock | Rpmglobal Holdings Ltd (RUL.ASX) |
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Release Time | 27 May 2025, 8:21 a.m. |
Price Sensitive | Yes |
RPMGlobal Extends On-Market Share Buy-back Program
- RPMGlobal to extend current on-market share buy-back program for 12 months
- Up to 11 million shares (5% of issued capital) to be bought back
- Supports company's ongoing capital management strategy
RPMGlobal Holdings Limited (ASX: RUL) has announced its intention to extend its current on-market share buy-back program for an additional 12 months, from 13 June 2025 through to 12 June 2026. The company plans to buy back up to 11 million shares, which represents approximately 5% of its total issued capital. RPM has already bought back 17,095,128 shares ($32.22 million, at an average price of $1.88 per share) through the buy-back program since it commenced on 14 June 2022. The Board has approved the extension of the current buy-back program to allow the company to continue buying back its shares as part of its ongoing capital management strategy. The decision takes into account the company's current and historical share price, as well as the $80.5 million in available cash as of 26 May 2025. RPM has notified the Australian Securities and Investments Commission (ASIC) of its intention to extend the buy-back program, and an Appendix 3C will be lodged immediately following the announcement. Veritas Securities Ltd (ASX Market Participant - FinClear Execution Ltd) will continue to act as the broker for the buy-back.