15 October 2024
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 2024 through to
31 October 2025 and allows for the purchase of up to 5% of the ordinary shares on issue (which is equivalent to a maximum of 17,100,000 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 6%.
Andy Coupe
Chair
Kingfish Limited
Trading was heavy for a Friday with 38.56 million shares worth $193.38m changing hands.
The CEO says he's never seen a market this volatile since founding the firm.
The next near-term support level is at 57.75 US cents.
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