Property for Industry Limited (PFI) will commence a 12-month on-market share buyback programme on Tuesday, 31 May 2022, with the aim of delivering a return to the Company in excess or equal to other investment opportunities immediately available.
The programme will involve the purchase of up to 25,173,940 shares, equating to a maximum aggregate purchase price of NZD$60 million, and will be conducted in accordance with section 65 of the Companies Act.
The buyback programme is not expected to continue during any blackout period and PFI reserves the right to suspend or terminate the buyback programme at any time.
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