The Manager Company Announcement Office NSX Level 2, 117 Scott...

The Manager Company Announcement Office NSX Level 2, 117 Scott Street Newcastle NSW 2300
Dear Sir/Madam
ON-MARKET BUY-BACK
Key events
On-market Buy-back to commence today
Shareholder approval buy back 26 November to buy-back
Company to buy-back up to 20% of its Shares on issue
Offer ends on 25 November 2017
Shares price will be determined by the market
Asset Resolution Limited (Company or ARL) is pleased to announce that is will today commence an On-market Buy-back facility through which it will offer to acquire the holdings of Shareholders. The On-Market Buy‐Back allows the Company to buy back Shares over time, depending on market conditions and prices. Any such On‐market Buy-back would occur in accordance with the Corporations Act and the Listing Rules. Any purchases would occur on‐market in the ordinary course of trading in the Company’s Shares, and the Shares bought back would then be cancelled.
The Company reserves the right to suspend or terminate the on-market buy-back at any time. The Shareholders also approved an Off-market Buy‐back that the Company plans to commence this year, however no final decision has been made as to whether or when to commence the buy‐back or, if the Off-market Buy‐back is commenced, on the actual number of Shares to be bought back Since listing on the National Stock Exchange on 25 November 2016, the Company’s shares have traded at a high of $2.20; The last traded price for the Company's Shares was $2.12, as at 20 February 2017. For further information please contact ARL’s company secretary, Vicky Allinson on 08 8423 0170 or email [email protected]
Yours sincerely
Vicky Allinson FCCA, AGIA