Paragon Care Ltd Announces Share Buy-Back Plan
Key points
- Paragon Care Ltd to buy back up to 82,765,269 shares
- Share Buy-Back cost estimated at $10,759,485
- Employee Share Trust to acquire up to 23,900,401 shares
- Buy-Back to start after FY26 results release
- Share Buy-Back within '10/12 limit', no shareholder approval needed
Full summary
Paragon Care Limited (ASX:PGC) announced an on-market share buy-back of up to 82,765,269 fully paid ordinary shares, representing no more than 10% of the smallest number of shares on issue in the prior 12 months. The buy-back, estimated to cost around $10,759,485, will commence after the release of the Company's FY26 results. Additionally, the ParagonCare Employee Share Trust, managed by Pacific Custodians Pty Limited, will acquire up to 23,900,401 shares on market to satisfy future vesting and granting of securities under the Company's Employee Incentive Plan.
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