Cadence Capital Limited announces an Equity Buyback for 10,000,000 shares, representing 3.36% of its issued and outstanding shares.
October 06, 2023 at 12:00 am EDT
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Cadence Capital Limited (ASX:CDM) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares, representing 3.36% of its issued and outstanding shares. The repurchase will commence on October 20, 2023 and will be valid up to October 18, 2024. As on October 6, 2023, the company had 297,781,801 shares in issue.
Select Equities Pty Limited acted as broker to the company.
Cadence Capital Limited is an Australia-based investment company. The Company is engaged in investing primarily in securities listed both in Australia and internationally. The Company may take short positions and may also deal in derivatives. The Company has only one segment. It operates predominately in Australia and in one industry being the securities industry. It invests in various sectors, including basic materials, energy, communications, financial, insurance, industrial, utilities, technology, and consumer, non-cyclical. The Company is managed by Cadence Asset Management Pty Limited.
CADENCE CAPITAL LIMITED 