Platinum Capital Limited announces a share repurchase program for 29,048,517 shares, representing 10% of its issued share capital.
April 08, 2020 at 12:00 am EDT
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Platinum Capital Limited (ASX: PMC) announces a share repurchase program. Under the program, the Fund will repurchase up to 29,048,517 shares, representing 10% of its issued share capital. The shares repurchases program is a part of ongoing capital management. The Fund will commence repurchase program on April 23, 2020 and will expire on April 22, 2021. As of April 8, 2020, the company has 290,485,173 shares in issue.
Credit Suisse Equities (Australia) Limited to act as its broker to the company.
Platinum Capital Limited is an Australia-based closed-ended investment company. The Company's objective is to provide capital growth over the long term through investing in companies worldwide. The Company offers investors a way of accessing an actively managed, truly diversified portfolio of companies from around the world and across industry sectors, providing exposure to undervalued businesses in both developed and emerging markets. The Company invests in various sectors, including financials, industrials, information technology, materials, energy, health care, consumer discretionary, communication services, real estate, consumer staples, and utilities. Its investments are in various geographical locations, such as Australia, China, Japan, Austria, Finland, France, Switzerland, Canada, and the United States of America. Platinum Investment Management Limited is the investment manager of the Company.
PLATINUM CAPITAL LIMITED 
