Purchase price under on-market buy-back 7.33 A company may only buy back shares under an on-market buy-back at a price which is not more than 5% above the average of the +market price for +securities in that +class. The average is calculated over the last 5 days on which sales in the shares were recorded before the day on which the purchase under the buy-back was made.
So on this basis, increase in sp will not likely be attributed to actions performed by pattersons on behalf of BAU. In the long term, yes, fewer shares on issue offering better earnings per share. Not likely in short term unless other factors drive the share price upwards.
BAU Price at posting:
12.5¢ Sentiment: None Disclosure: Not Held
