Sky announces $15m share buyback programme

Mon, 25 Mar 2024

Sky has announced a new on-market share buyback programme, set to commence on April 1 2024.

The programme, which may run for up to 12 months, will allow the company to acquire shares through the NZX and ASX at prevailing market prices.

It has a maximum aggregate purchase price of $15 million and a maximum of 7,033,120 shares.

The number of shares bought back will be notified to the NZX and ASX.

They will also be cancelled upon acquisition, resulting in a reduction of the total shares on issue.

Sky clarified that the buyback programme is not expected to continue during any prohibited period, as defined in its securities trading policy.

The company retains the right to suspend or terminate the programme at any time.

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