KFL announces continuation of share buyback programme
CORPACT
Tue, Oct 18 2022 02:34 pm
18 October 2022
Kingfish Limited announces continuation of share buyback programme
In accordance with Listing Rule 4.14.2, Kingfish announces its intention to continue its share buyback programme of Kingfish ordinary shares in compliance with section 65 of the Companies Act 1993.
The buyback programme is for the twelve-month period commencing 1 November 2022 through to
31 October 2023 and allows for the purchase of up to 5% of the ordinary shares on issue (which is equivalent to a maximum of 16,200,000 shares).
As per the current Share Buyback Policy, Kingfish will only buy back shares if the discount to the last published net asset value is greater than 8%.
Andy Coupe
Chair
Kingfish Limited
Announcement PDF
Markets News
Markets
Market close
NZ sharemarket down 0.38%
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
Markets
Forsyth Barr initiates full Turners coverage
Forsyth Barr says a premium valuation is now warranted.
Economy
The kiwi dollar is falling prey to the bears
The only worst performer is the Norwegian krone.
