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
CDU Price at posting:
$3.26 Sentiment: Buy Disclosure: Held