Perenti Global Limited launches on-market share buyback program

In line with the principles of its capital management policy and having consideration for the current share price, the Board of Perenti Global Limited (ASX: PRN) has approved an on-market share buyback program of up to 10% of shares.

The share buyback program will be executed over the next 12 months, and the exact timing and the actual number of shares to be purchased under the program will be based on market conditions, available trading windows, and the prevailing share price, and other considerations. Also, the company’s board believes that its current share price significantly undervalues the inherent value of the business, mainly when including the recent and continued execution of its strategy.

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