Third Age Health initiates buyback programme

Confidence in the aged sector is bolstered by demographic tailwinds. (Image: Getty)

Mon, 19 Aug 2024

Third Age Health is set to kick off an on-market share buyback of up to 5% of its shares.“This programme reflects the board’s view that the company’s shares are undervalued and demonstrates its confidence in the business and the long-term opportunities to grow intrinsic value per share,” Third Age Health said.The board believes "the strength of its business model and cashflow generation allows the company to continue investing for the long term, while also paying a dividend and opportunistically repaying debt or buy...

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