Extension of On-Market Share Buy-Back
| Stock | Mount Gibson Iron Ltd (MGX.ASX) |
|---|---|
| Release Time | 10 Sep 2025, 8:19 a.m. |
| Price Sensitive | Yes |
Mount Gibson Iron Extends On-Market Share Buy-Back
- Extended share buy-back program for 12 months
- Up to 10% of issued shares can be bought back
- 38.8 million shares already bought back at $0.313 per share
Mount Gibson Iron Limited has announced the extension of its current on-market share buy-back program for a further 12 months, commencing 1 October 2025 and running until 30 September 2026, unless completed or terminated earlier. The extended buy-back program will allow the company to purchase up to 10% of its issued shares. Since the program commenced in September 2024, Mount Gibson has already bought back and cancelled 38.8 million shares at an average price of $0.313 per share, representing approximately 3.2% of its issued share capital. The company states that the extent, timing, and price of any future buy-back purchases will be subject to a range of factors, including market conditions, and that it does not expect to be in the market at all times during the remaining buy-back period. There is no certainty that the company will buy back the full 10% of issued shares available under the extended program.