Share buy-back is the reversal of new shrae issue, by cancelling the shares that were bought back, exising shareholders now hold a larger cake(%) in the company, so it is the opposite of dilution, however the buy back price must be cheap/bargain for this to work properly.
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- Ann: Daily share buy-back notice - Appendix 3E
Ann: Daily share buy-back notice - Appendix 3E, page-6
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