FMG 0.00% $21.86 fortescue ltd

What happened to the share buyback?, page-2

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    From the half year report, page 29:

    Share buy-back scheme

    In 2018, Fortescue announced the establishment of an on-market share buy-back program of up to A$500 million which was extended in October 2020 for an unlimited duration. The maximum number of shares which can be bought back is determined periodically by the Company’s 10/12 limit, being that a company cannot buy back more than 10 per cent of its voting shares within the span of any twelve month period. Fortescue retains the option to undertake an on market share buyback. During H1 FY22, Fortescue acquired none of its own shares on market under the share buy-back program

    Last edited by Lerwick: 07/03/22
 
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