Enprise Group plans to buy back up to 1,003,402 ordinary fully paid shares, representing 5% of the company's shares on issue.
The proposed buyback would take place over a period starting three business days after the date of the announcement and end 12 months later.
Enprise's board of directors believes that the proposed purchase price is below the fair market value of the shares and that acquiring them would allow the company to maintain an appropriate debt-to-equity ratio.
