Superloop Limited (ASX: SLC) has announced that it would undertake an on-market share buy-back for a maximum of 48,680,748 ordinary shares. It represents 10% of the Company’s issued share capital.
The final number of shares to be purchased by the Company under the proposed on-market share buy-back will depend on business and market conditions, the prevailing share price, market volumes along with other considerations.
SLC has rights to suspend or terminate the buy-back at any time. Also, there is no assurance that SLC will buy any or all of the shares.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
