Share Buy-Back

Key points

• LPE announces on-market share buy-back.
• Buy-back funded from operating cash flows.
• No shareholder approval required.
• Buy-back terms to be lodged with ASX.

Full summary

Locality Planning Energy Holdings Ltd (ASX: LPE) announced an on-market share buy-back as part of its capital management framework. The buy-back is funded from operating cash flows and existing cash reserves, and does not affect the company's growth program. Under ASX Listing Rule 7.29, shareholder approval is not required. The buy-back is discretionary, and LPE retains full discretion over the volume, price, and timing of any purchases. An Appendix 3C detailing the terms of the buy-back will be lodged with the ASX separately. The company will update the market on the commencement and progress of the buy-back in accordance with its continuous disclosure obligations.