Stanmore Coal Limited announces an Equity Buyback for 25,282,751 shares, representing 10% of its issued share capital.
January 17, 2019 at 05:55 pm EST
Stanmore Coal Limited (ASX:SMR) announces a share repurchase program. Under the program, the company will repurchase up to 25,282,751 shares, representing 10% of its issued share capital. The program is being conducted to support the ongoing capital management. The repurchase program will expire on February 3, 2020. As at January 18, 2019, the company has 252,827,518 shares in issue.