Monash Absolute Investment Company Limited announces an Equity Buyback for 5,086,611 shares, representing 10% of its issued share capital.
December 20, 2017 at 12:00 am EST
Monash Absolute Investment Company Limited (ASX:MA1) announces a share repurchase program. Under the program, the company will repurchase up to 5,086,611 shares, representing 10% of its issued share capital. The program is a capital management initiative. The program will run until January 2, 2019, or all shares being acquired, or an earlier date as determined by the Board, whichever occurs first. As of December 20, 2017, the company has 50,866,113 shares in issue.