Djerriwarrh Investments Limited announces an Equity Buyback for 22,425,301 shares, representing 9.96% of its issued share capital.
March 28, 2021 at 11:08 pm EST
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Djerriwarrh Investments Limited (ASX:DJW) announces a share repurchase program. Under the program, the company will repurchase up to 22,425,301 ordinary shares, representing 9.96% of its issued share capital. The purpose of the program is capital management. The program is valid till March 16, 2022. As of March 1, 2021, the company had 225,192,691 shares in issue.
Djerriwarrh Investments Limited is an Australia-based investment company. The Company is engaged in Australian equities with a focus on stocks where there is an active options market. The Company uses exchange-traded options to enhance income returns for investors. The Company seeks to provide an enhanced level of fully franked income that is higher than what is available from the S&P/ASX 200 index. The enhanced dividend yield is achieved through a bias to investing in higher dividend yielding companies, as well as using option strategies to generate additional income and realized capital gains. The Company invests in various sectors, including other financials, banks, industrials, materials, healthcare, consumer discretionary, consumer staples, real estate, communication services, energy, information technology, and cash.
DJERRIWARRH INVESTMENTS LIMITED 
