Argo Investments renews on-market buy-back
Key points
- Argo Investments to renew on-market buy-back facility for 12 months
- Buy-back of up to 37 million shares, or 4.9% of total shares on issue
- Buy-back for capital management purposes
Full summary
Argo Investments Limited has announced the renewal of its on-market buy-back facility for a 12-month period, commencing on 2 January 2026 and ending on 31 December 2026. The company plans to buy back up to 37 million of its own ordinary fully paid shares, representing approximately 4.9% of the total shares on issue. The buy-back is being undertaken for capital management purposes, allowing Argo to optimize its capital structure and enhance shareholder value. Argo will appoint Macquarie Securities (Australia) Ltd to facilitate the buy-back on the company's behalf. The buy-back does not require shareholder approval and will be conducted on-market.
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