ActivEX Limited announces an Equity Buyback for 17,722,840 shares, representing 10% of its issued share capital.
January 01, 2019 at 04:27 pm EST
ActivEX Limited (ASX:AIV) announces a share repurchase program. Under the program, the company will repurchase up to 17,722,840 shares, representing 10% of the issued shares. The purpose of the buyback is to enhance the shareholders value. The program shall be valid for 12 months from the January 22, 2019. As on January 2, 2019, the company has 177,228,401 shares in issue.