Smart Parking Ltd Announces Share Buy-back
Key points
- Smart Parking Ltd (ASX:SPZ) approved a share buy-back of up to $5m
- Buy-back to be conducted within the 10/12 limit
- No shareholder approval required for the buy-back
- Buy-back to commence on 1st September 2026
Full summary
Smart Parking Limited (ASX:SPZ) has announced that the Board has approved a proposal to conduct an on-market share buy-back of up to $5 million of ordinary fully paid shares. The buy-back will be managed within the '10/12 limit' permitted by the Corporations Act, and therefore does not require shareholder approval. The company intends to commence the share buy-back on 1st September 2026 for up to a 12-month period in accordance with the terms specified in the ASX Notification of buy-back. Smart Parking intends to conduct the buy-back having regard to the prevailing share price, market conditions and unforeseen circumstances. The company advises all shareholders that there can be no certainty that the company will acquire any or all shares under the share buy-back.
Guidance
None
Outlook
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