Suncorp Group Announces On-Market Buy-Back
Key points
- Suncorp Group Limited plans to buy back up to $250 million of its ordinary shares
- Buy-back will be conducted on the market
- UBS Securities Australia Limited will act as the broker
- Buy-back will start on 25/9/2026 and end on 30/6/2027
- No security holder approval required for the buy-back
Full summary
Suncorp Group Limited has announced an on-market buy-back of up to $250 million of its fully paid ordinary shares. The buy-back will be conducted on the market, with UBS Securities Australia Limited acting as the broker. The buy-back will commence on 25/9/2026 and conclude on 30/6/2027. Importantly, the buy-back does not require approval from security holders. This strategic move aims to optimize the company's capital structure and potentially enhance shareholder value.
Guidance
Suncorp Group Limited plans to buy back up to $250 million of its ordinary shares.
Outlook
The on-market buy-back is expected to be completed by 30/6/2027, aiming to enhance shareholder value and optimize the company's capital structure.
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