MSG mcs services limited
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29 November 2019On-Market Share BuybackMCS Services Ltd (ASX...

  1. Jardani
    1,390 Posts.
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    05/03/20
    14:40
    Post #: 43323395
    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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    lightbulb Created with Sketch. 1  Great analysis
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0.5¢ 		Change
0.000(0.00%) 		Mkt cap ! $990.4K
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0.5¢ 0.5¢ 0.5¢ $393 78.50K

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No. Vol. Price($)
3 1616046 0.4¢
 

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Price($) Vol. No.
0.5¢ 421496 1
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