SRX sierra rutile holdings limited

News: SRX Sirtex Medical updates on proposed $30 mln share buy-back

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    April 10 (Reuters) - Sirtex Medical Ltd (SRX) :

    • Update on proposed $30 million share buy-back
    • Proposed on-market share buy-back due to commence on 17th April 2017 has been delayed
    • Hearing on the matter is anticipated to take place on 26th May
    • Delay pending outcome of an injunction application filed by applicant in federal court of australia
    • Company has filed a stay application in relation to previously announced class action
    • Intends to commence its buy-back following release of major clinical data at ASCO annual meeting from 2nd-6th June 2017
 
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