On-market Buy-back
| Stock | Digitalx Ltd (DCC.ASX) |
|---|---|
| Release Time | 26 Jun 2026, 3:32 p.m. |
| Price Sensitive | Yes |
DigitalX Announces On-Market Buy-Back
- DigitalX to buy back up to 120 million shares
- Represents 10% of shares issued in the past year
- Buy-back based on current share price of $0.025
- Aimed at adding value to remaining shares
DigitalX Limited (ASX: DCC) announced an on-market buy-back of up to 120,362,388 fully paid ordinary shares, representing approximately 10% of the smallest number of shares on issue in the prior 12 months. The buy-back, which is within the '10/12 limit' permitted by the Corporations Act 2001, does not require shareholder approval. Based on the closing price of $0.025 on 25 June 2026, the cash cost would be approximately $3 million. The buy-back aims to capitalize on the perceived undervaluation of the company's shares and is expected to commence no earlier than 13 July 2026 and no later than 31 December 2026, subject to market conditions.
Buy-back of up to 120 million shares at approximately $3 million
DigitalX believes the buy-back represents an opportunity to buy shares at a significant discount and add value to remaining shares.