Proposed further share buyback
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| Stock | Maas Group Holdings Ltd (MGH.ASX) |
|---|---|
| Release Time | 3 Feb 2025, 3:05 p.m. |
| Price Sensitive | Yes |
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Maas Group proposes further share buyback
Key Points
- Board approves up to 10% on-market share buyback over 12 months
- Follows previous buyback program completed in January 2025
- Reflects Board's confidence in business performance and strong capital position
Full Summary
Maas Group Holdings Limited (ASX: MGH) has announced that its Board of Directors has approved a further on-market share buyback of up to 10% of the company's issued ordinary share capital over the next 12 months. This follows the completion of MGH's previous buyback program on 3 January 2025. The recommencement of the share buyback program reflects the MGH Board's confidence in the performance of the business and the company's strong capital position. The timing and number of shares to be purchased under the further buyback will depend on the prevailing share price, market conditions, and MGH's capital position over the next 12 months. The company has provided further details on the buyback in the accompanying Appendix 3C announcement.