• Smartgroup Corporation Ltd (ASX: SIQ) announces a share buy-back of up to A$20 million
• Buy-back follows the sale of the self-funded fleet portfolio
• Buy-back will be conducted over a period of up to 12 months
• No shareholder approval required as it is within the 10/12 limit

Smartgroup Corporation Ltd, a leading employee services and fleet solutions provider, announced that its Board has approved an on-market share buy-back of up to A$20 million. The buy-back follows the sale of the majority of its self-funded fleet portfolio, which aligns with the Group's capital-light fleet strategy. The buy-back will be conducted in accordance with the Corporations Act and ASX Listing Rules, starting no earlier than 14 days from the announcement date and will be completed over a period of up to 12 months. The buy-back is funded by existing cash reserves, including proceeds from the sale of the fleet portfolio. No shareholder approval is required as the buy-back is within the 10/12 limit.

Smartgroup expects the share buy-back to enhance shareholder value and align with its disciplined capital management framework.