Inghams Group Limited announces an Equity Buyback for 11,407,296 shares, representing 3% for AUD 50 million.
December 06, 2018 at 02:10 am EST
Inghams Group Limited (ASX:ING) announces a share repurchase program. Under the program, the company will repurchase up to 11,407,296 shares, representing 3% of its issued share capital or a total consideration of $50 million, whichever is lesser. The purpose of the program is support the ongoing capital management of the company. The program will run over a period of 12 months, or earlier if the maximum number of shares is bought back prior to that date. As of December 6, 2018, the company has 380,243,196 shares in issue.