DGL to kick off 10% share buyback as price languishes

DGL chief Simon Henry. (Image: NZME)

Tue, 15 Aug 2023

Specialty chemicals logistics company DGL will buy back as much as 10% of its shares on issue worth A$21.1 million (NZ$22.9m) to help bolster the languishing price. The ASX-listed company, controlled by managing director Simon Henry, said on Monday the current share price of 74 Australian cents doesn’t reflect the value and potential of the business and a buyback is an opportunity to add value. The programme will start on Aug 30 to buy back as much as 10%, or 28.5 million shares, using DGL’s operating cashflow. &ldquo...

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