Argo Investments Announces On-Market Buy-Back
Key points
- Argo Investments to renew on-market buy-back facility for 12 months
- Maximum of 38,162,831 shares to be bought back
- Buy-back period from January 2, 2025 to December 31, 2025
Full summary
Argo Investments Ltd has announced the renewal of its on-market buy-back facility for a 12-month period. The buy-back will commence on January 2, 2025 and end on December 31, 2025. The company intends to buy back a maximum of 38,162,831 shares, representing approximately 5% of the total issued capital. The buy-back is being undertaken for capital management purposes. Macquarie Securities (Australia) Limited will act as the broker to facilitate the buy-back on the company's behalf. The buy-back does not require shareholder approval.
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