If Im reading this corectly the comapny wont be able to start buying shares until the 13th of JUNE ?
"To commence an on-market buy-back at least 14 days prior notice must be lodged with ASIC (s257F) using Form 281 Notice of Intention to Carry Out a Share Buyback
if under 10%, and Form 280 Notification of Share Buy-back Details if over 10%.
At the same time an Appendix 3CAnnouncement of Buy-back (which actually covers any type of buy-back) must be lodged with the ASX, specifying: Type of buy-back
Description of relevant share class and number of shares on issue Details of the buy-back offer, including:
- maximum number of shares to be bought back
- offer time period (or a statement that it is to be for an unlimited duration)
- stock broker appointed, if applicable
Reasons for the buy-back and any material information
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- forced selldown fails. buy back in action?
forced selldown fails. buy back in action?, page-15
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