MLN announces continuation of share buyback programme
CORPACT
Tue, Oct 18 2022 02:41 pm
18 October 2022
Marlin Global Limited announces continuation of share buyback programme
In accordance with Listing Rule 4.14.2, Marlin announces its intention to continue its share buyback programme of Marlin 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 10,100,000 shares).
As per the current Share Buyback Policy, Marlin will only buy back shares if the discount to the last published net asset value is greater than 8%.
Andy Coupe
Chair
Marlin Global Limited
Announcement PDF
Markets News
Markets
Market Close
NZ stocks end lower while Eroad tanks
The S&P/NZX 50 Index dropped 99.89 points or 0.75% to 13,289.21.
Retail
Macpac NZ profits drop 71% as softer sales hit margins
The sales drop in New Zealand was larger than Kathmandu's.
Markets
Eroad shares slump 23% as it shifts focus from North America
Eroad cuts North America exposure, impairing $150m in assets.
