While they did pay approx 520,000 for these shares, it is a very good deal for shareholders where this buyback bought up almost 10% of shares on issue at approx 40% discount to current prices.
This can also be said to have offset 60% of the capital raising at a cost of 30% of the capital raising funds which is great.
Ann: Announcement of buy-back - Appendix 3C, page-3
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