WCM Global Growth Limited announces an Equity Buyback for 18,639,122 shares, representing 10% of its issued share capital.
June 06, 2023 at 12:00 am EDT
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WCM Global Growth Limited (ASX:WQG) announces a share repurchase program. Under the program, the company will repurchase up to 18,639,122 shares, representing 10% of its issued share capital. The plan will be valid from June 27, 2023 to June 26, 2024. As on June 6, 2023, the company had 186,391,220 shares in issue.
On June 27, 2023, the company has announced an adjustment to its number of shares to be repurchased. The company has adjusted the plan term number of shares to be repurchased from 18,639,122 to 18,588,184 shares. As of June 27, 2023, the company had 185,881,838 issued shares.
Taylor Collison Limited acted as broker to the company.
WCM Global Growth Limited is an Australia-based investment company. The principal activity of the Company includes investment in a diversified portfolio of globally listed quality high growth companies sourced from developed and emerging markets outside of Australia, with the primary objective of providing long-term capital growth. The Companyâs policy is to maintain an unhedged portfolio, that is, its value is exposed to foreign currency movements. It provides investors with access to an actively managed portfolio of quality global companies found primarily in the high growth consumer, technology and healthcare sectors. It invests across various sectors, such as Information technology, health care, industrials, financials, consumer discretionary, materials and consumer staples. The Company's investment advisor is WCM Investment Management, LLC (WCM), a California-based global equity firm. Its investment manager is AGP International Management Pty Ltd.
WCM GLOBAL GROWTH LIMITED 
