AI-Media Announces On-Market Share Buy-Back

Key points

• AI-Media to buy back up to 20,800,000 shares
• Buy-back represents up to 9.9% of issued capital
• Buy-back to be funded from existing cash reserves
• Purchases will start on 26 October 2026

Full summary

Ai-Media Technologies Limited (AI-Media) (ASX: AIM) announced its intention to undertake an on-market share buy-back of up to 20,800,000 fully paid ordinary shares, representing up to 9.9% of the Company's current issued share capital. The Buy-Back will be conducted within the '10/12 limit' permitted under section 257B of the Corporations Act 2001 (Cth). Purchases under the Buy-Back may commence no earlier than 26 October 2026, and the Buy-Back will remain open for up to 12 months, scheduled to close on 25 October 2027. The Buy-Back will be funded from the Company's existing cash reserves and will be conducted at prevailing market prices. The Company has appointed Morgans Financial Ltd to act on its behalf.