Barramundi Limited has announced an amendment to its Share Buyback Policy which will come into effect on 17 November 2022.
The new policy dictates that Barramundi will only buy back shares if the discount to the last published net asset value is greater than 6%.
The announcement was made in accordance with Listing Rule 4.14.2 of the Companies Act 1993.
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The deal is subject to regulatory approvals and commercial conditions.
Every sector of the Australian share market has lost ground.
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
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