TFL 0.00% 1.5¢ tasfoods limited

Share Buyback

  1. afd
    2,088 Posts.
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    Just dawned on me why the share buyback has not started.

    The small, non-marketable purchase facility is set to go ahead on Novemeber 21 at a price of 20c per share.

    Consequently, it would probably be viewed as unfair if the company conducted a buyback of shares in excess of that price prior to that date.

    So......whilst the company would be entitled to start the buyback at a price of @23.5c, it won't until after November 21.

    Makes me wonder why they didn't conduct the small parcel purchase prior to announcing the buyback.

    Good luck all.
 
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