3. LPE Share Buyback LPE intends to provide updated profit guidance for FY24 on or around 23 July 2024 as part of its June quarterly report (June Quarterly Report). If the LPE Share price remains higher than $0.105 following the release of the June Quarterly Report, the Offer continues to gain little traction by that time or the Offer lapses, the Board will consider moving forward with the LPE Share Buyback announced earlier this year. The Directors will take all 3 things into consideration before moving ahead with that initiative, but have yesterday lodged updated forms with ASIC to enable on-market acquisitions by LPE of LPE Shares. This means that LPE will be permitted to commence the LPE Share Buyback 14 days after yesterday’s date, following its reassessment of the Offer after the release of the June Quarterly Report. The Directors reiterate that no further steps will be taken in relation to the LPE Share Buyback if the Offer shows signs of material LPE Shareholder support
Timeline targets
Updated profit guidance 23rd July
Buyback permitted 14 days post the 11th July, so 25th July
Hostile take over lapses 26th July
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