Update on the Proposed Buy-Back by Pacific Current Group

Pacific Current Group Limited (ASX: PAC) announced the proposed off-market equal access share buy-back of up to AU$300 million in surplus capital, pending shareholder approval at an Extraordinary General Meeting. After careful consideration, the Board proposes that the Buy-Back be executed at an attractive price of AU$12 per PAC share. Various factors drive this decision, including favorable market conditions, engagement with regulators, and strategic timing for the Buy-Back.

It reports that the ASX has confirmed that the Buy-Back aligns with the requirements of Listing Rule 10.1. This reflects the constructive composition of its share register, where the three largest shareholders control approximately 45% of the issued shares. In line with the ASX's determination, PAC will obtain an independent expert's report to accompany the meeting notice, ensuring transparency and thoroughness for its shareholders.

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