MLN announces continuation of share buyback programme

CORPACT
Tue, Oct 15 2024 04:29 pm

15 October 2024

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 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 10,800,000 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 6%.


Andy Coupe
Chair
Marlin Global Limited


Announcement PDF


Markets News

NZ sharemarket dives 1.5% despite positive inflation data
Markets Market close

NZ sharemarket dives 1.5% despite positive inflation data

The S&P/NZX 50 Index declined 199.45 points or 1.55% to 12,641.32 at the close.

Markets

‘Bifurcated’ NZ tech stocks buoyed by a few strong players

While listed tech outperformed the market, fewer than half the companies’ prices were up.

‘Bifurcated’ NZ tech stocks buoyed by a few strong players
Markets

Analysts raise NZX Ltd target price after guidance lift

Jarden analysts said NZX is 'doubly exposed' to a decreasing OCR.

Analysts raise NZX Ltd target price after guidance lift