ICI 0.00% 1.8¢ icandy interactive limited

Ann: Update - Notification of buy-back - ICI, page-58

  1. 1,913 Posts.
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    can someone please explain what happens to the bought back shares?
    like when are they cancelled? i thought shares bought back were immediately cancelled, but looking into the number of shares on issue, it appears to be remaining static. see here:

    screenshot from ASX's website 2nd August showing SOI @ 1,268,756,056
    https://hotcopper.com.au/data/attachments/4590/4590045-a84ed9a884d7a87117db4f2c49737598.jpg

    between 2nd August (above screenshot) & yesterday, there were four buy-back announcements:

    2nd August: 1m bought
    5th August: 450k bought
    8th August: 800k bought
    9th August: 2.6m bought
    Total bought: 4.85m

    so by my calculation, SOI should have reduced to 1,263,906,056; but ASX shows SOI is unchanged @ 1,268,756,056?
    https://hotcopper.com.au/data/attachments/4590/4590051-5a968ec7ee155747d7a32cb0014e00fb.jpg
    (above screenshot taken today)

    i know nothing is wrong, i only want to learn more about how SBB works;

    also, i cannot find reference that the previously 35m shares that were bought back were cancelled; does anyone know where to find the information, like a data source that displays the changes in a company's SOI movements over time?

    maybe @BigWill2018 or @Surandy70 can help me?
    Last edited by FingerLicking: 13/08/22
 
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