23 September 2024: ArborGen Holdings Limited (NZX: ARB) advises that it has commenced the on-market share buyback with a maximum of 6,500,000 ordinary shares to return capital of up to US$500,000. The initial acquisition on Friday 20 September was for 452 shares.
ENDS
Authority for this announcement:
Christina Green, Chief Financial Officer, ArborGen Inc
For more information, please contact:
Jackie Ellis, Ellis and Co e: [email protected], t: +64 27 2462505
The NZX 50 outperformed its Australian counterpart.
Chair Mike Allen said the acquisition presented a “compelling opportunity”.
The sales form part of a wider growth plan.
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