The Board of Mitchell Services Limited (the Company) is pleased to announce as part of its
ongoing capital management strategy that it intends to extend its on-market share buy-back of
up to 10% of the Company’s fully paid ordinary shares (approximately 19.9 million shares). The
extended buy-back provides the Company with an additional capital management option as part
of a broader strategy to maintain capital management flexibility.
The buy-back period will commence on or about 30 March 2020 and end no later than 12 months
from commencement. In accordance with ASX listing rules, the price paid for the shares
purchased under the buy-back will be no more than 5% above the volume weighted average share
price of the Company’s shares over the 5 days of prior trading before the purchase is made.
The Company reserves the right to suspend or terminate the buy back at any time and there is no
commitment or guarantee that the Company will purchase the full 19.9 million shares mentioned
above. The timing and actual number of shares purchased will depend on the prevailing share
price and other considerations, and all shares purchased under the buy-back will be cancelled. An
appendix 3C in respect of the buy-back is attached to this announcement.
Morgans Financial Limited will act as the transaction broker in relation to the buy-back.
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Last
39.0¢ |
Change
-0.005(1.27%) |
Mkt cap ! $83.37M |
Open | High | Low | Value | Volume |
39.5¢ | 39.5¢ | 38.5¢ | $313.5K | 804.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2882 | 38.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.5¢ | 108912 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2882 | 0.385 |
3 | 70631 | 0.380 |
3 | 39500 | 0.370 |
1 | 27000 | 0.365 |
4 | 72277 | 0.360 |
Price($) | Vol. | No. |
---|---|---|
0.395 | 108912 | 6 |
0.400 | 92319 | 8 |
0.410 | 62230 | 3 |
0.415 | 20000 | 1 |
0.420 | 30000 | 1 |
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