Aristocrat Leisure Limited (ASX: ALL) announced that it will implement an on-market share buy-back program of up to AU$500 million, as a part of its proactive capital management strategy.
Aristocrat highlighted that it continued to focus its capital allocation on driving organic growth, and investing in M&A opportunities to fast-track the implementation of its growth strategy.
Further, the Company pointed that it aims to add an on-market share buyback program to its current dividend policy.
The share buy-backs will begin on or after 2 June 2022. It will be funded from present cash reserves.
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