Pengana International Equities Limited announces an Equity Buyback for 24,747,522 shares, representing 9.74% of its total shares on issue.
August 26, 2019 at 12:00 am EDT
Pengana International Equities Limited (ASX:PIA) announces a share repurchase program. Under the program, the company will repurchase up to 24,747,522 ordinary shares, representing 9.74% of its issued share capital. Such shares will be repurchased on market. The repurchase program is a part of capital management initiative. The plan will be valid for a period of 12 months from September 10, 2019. As on August 26, 2019, the company had 254,045,093 shares in issue.
Bell Potter acted as broker to the buyback.