AMA Group Announces On-Market Share Buy-Back
Key points
- Implementing on-market share buy-back of up to 47,826,141 shares
- Buy-back within '10/12 limit' and does not require shareholder approval
- Reflects Board's focus on disciplined capital management and confidence in strategy
Full summary
AMA Group Limited (ASX: AMA) has announced that it is implementing an on-market share buy-back of up to 47,826,141 ordinary shares. The buy-back will be conducted within the '10/12 limit' permitted by the Corporations Act 2001 (Cth) and therefore does not require shareholder approval. The buy-back will be undertaken for a period of up to 12 months, subject to market conditions and at the discretion of the Board. The buy-back reflects the Board's ongoing focus on disciplined capital management and its confidence in the Company's strategy, balance sheet strength, and long-term growth prospects.
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