Digimatic Group Ltd. announces an Equity Buyback for 3,031,974 shares.
October 01, 2018 at 05:26 am EDT
Digimatic Group Ltd. (ASX:DMC) announces a share repurchase program. Under the program, the company will repurchase up to 3,031,974 shares. The shares will be repurchased from Mr. Ong Shao Kuang, Ivan. The program is a consideration received for disposal of Digital and Marketing Businesses. The repurchased shares will be cancelled.
On September 26, 2018, the company received approval from its shareholders for the buyback plan.