Cochlear Ltd Extends On-Market Buy-Back
Key points
- Cochlear extends existing on-market buy-back of fully paid ordinary shares
- Buy-back period extended to 28 August 2026
- Cochlear to continue buying back up to $75 million of its shares
Full summary
Cochlear Ltd has announced an update to its existing on-market buy-back of fully paid ordinary shares. The company has extended the buy-back period to 28 August 2026, from the previous end date of 28 August 2024. Cochlear will continue to buy back up to $75 million of its fully paid ordinary shares as part of the extended program. The buy-back is being conducted through WealthHub Securities Limited. Cochlear has not specified a minimum or maximum number of shares to be bought back during the extended period. The buy-back does not require shareholder approval and will be funded from the company's existing cash reserves.
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