• SGH approved $500M share buy-back
• Buy-back to occur over 12 months
• Reflects disciplined capital management
• Buy-back won't constrain business investments
• Timing depends on market conditions

SGH Ltd (ASX: SGH) has approved an on-market buy-back of its ordinary shares of up to $500 million over the next 12 months. The buy-back reflects SGH's disciplined approach to capital management. Following a sustained period of strong operating cash flow and de-leveraging, SGH's leverage has reduced below its through-the-cycle target of 2.0x (Adjusted Net Debt to EBITDA). The buy-back will not constrain SGH's ability to continue investing in its businesses or to pursue inorganic growth at scale. The program has been sized so that SGH retains substantial balance sheet capacity and the financial flexibility to fund organic investment and to act on material growth opportunities as they arise. The final amount of the buy-back and the exact timing of any trades made from time to time will depend on several factors including market conditions, SGH's prevailing share price, its future capital requirements and any unforeseen developments or circumstances that may arise in the course of the buy-back.

SGH Ltd plans a $500 million share buy-back over 12 months.

SGH expects the buy-back to enhance shareholder value while maintaining financial flexibility for future investments.