29 November 2019 On-Market Share Buyback MCS Services Ltd (ASX :MSG) today announced its intention to commence an on-market share buy-back for up to 10 per cent of MSG’s issued capital or approximately 18.7m million ordinary shares over the next 12 months The objective of the share buy-back is capital management. No target price has been set. The Board of MCS consider that the share buy-back is in the interests of all existing shareholders. MCS has appointed Canaccord Genuity Patersons to act as its broker. The earliest date that the share buy-back will commence is 16 December 2019. The buy-back will be funded from MCS’s existing cash flows.
12 months not straight away
not rocket science
MSG Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
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