Continuation of on-market share buy-back
Stock | Boom Logistics Ltd (BOL.ASX) |
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Release Time | 2 Oct 2025, 8:28 a.m. |
Price Sensitive | Yes |
Boom Logistics continues on-market share buy-back
- Boom Logistics to purchase up to 4,127,233 shares, representing 10% of issued ordinary shares
- Buy-back aligns with company's capital management framework to return 40-60% of previous two years' average operating NPAT
- Buy-back to commence on or around 16 October 2025 and run for one year
Boom Logistics Limited (ASX: BOL), a total lifting solutions company, today announces the continuation of its on-market share buy-back program. The company plans to purchase up to a maximum of 4,127,233 shares, representing 10% of its issued ordinary shares. This move aligns with Boom's previously stated intention to consider returning 40% - 60% of the previous two years' rolling average Operating NPAT through the execution of share buy-backs on an annual basis. Boom believes the continuation of its on-market buy-back program is the most efficient use of available capital management options to satisfy the requirements of its capital management framework. The renewed buy-back is scheduled to commence on or around 16 October 2025 and will run for the duration of one year. The share buy-back price will be no more than 5% above the volume-weighted price of the company's shares over the 5 trading days prior to the purchase. The timing and actual number of shares purchased under the buy-back, as well as other related matters, will depend on the prevailing share price, market conditions, forecast future capital requirements, and any other considerations, including any unforeseen circumstances. Boom reserves the right to vary, suspend, or terminate the buy-back at any time, and there is no guarantee that the company will purchase any or all of the shares referred to.
The continuation of the share buy-back scheme demonstrates Boom's commitment to increasing value for its shareholders while maintaining sufficient funds to execute upon its asset regeneration and growth strategies.