Yep, relatively boring - but there is some significant fine print:
previously it was limited to $500m, and 12-months
Now it is limited to 10% of issued capital per 12 month period (~300m shares, which is basically a 10-fold increase on the above) and the scheme is ongoing (i.e. not a 12-month extension).
They probably won't use the facility - but yes it sends a message to shorters that there is a limit to how much they can make on the downside before some serious support kicks in.
Ann: Extension of Share Buy-back Programme, page-7
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Last
$22.36 |
Change
-0.230(1.02%) |
Mkt cap ! $68.84B | |||
| Open | High | Low | Value | Volume |
| $22.46 | $22.63 | $22.34 | $108.3M | 4.768M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1690 | $22.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.37 | 13926 | 2 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |