Wednesday 1st July 2015 |
Text too small? |
Nuplex Industries, the specialty chemicals maker, won't resume a share buyback programme until after it reports annual earnings in mid-August.
The Auckland domiciled company suspended the programme last month, adopting a new policy where it won't buy shares on market while directors have board papers in the lead-up to their regular meetings. Nuplex today said it will keep the suspension in place until after the release of its 2015 full year result, which is expected on Aug. 14.
Earlier this year, Nuplex decided to buy back 5 percent of its shares on issue after a series of asset sales helped reduce the firm's debt and strengthen the balance sheet.
The shares fell 1 percent to $4.16, and have soared 41 percent this year, making it the third best performer on the S&P/NZX All Index.
BusinessDesk.co.nz
No comments yet
SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report