Sharechat Logo

ENS - Prospective Buyback of Securities On-Market

Monday 9th September 2024

Text too small?

Enprise Group Limited (ENS) – Prospective Buyback of Securities On-Market

 

ENS advises that it proposes to acquire up to a maximum of 1,003,402 ordinary fully paid shares in the Company (being 5% of the shares on issue) on-market at any time during the period commencing three Business Days after the date of this market releases and ending 12 calendar months after the date of this market release.

 

The Board of the Company has resolved that the potential on-market acquisition of the shares is an appropriate course of action to take for the following reasons:

 

•The company considers the proposed purchase price is below what the board considers to be the fair market value of those shares;

 

•The company has no plans for or need to retain the funds it proposes to deploy towards purchasing the ENS shares as part of the buyback. Acquiring the shares allows the company to maintain an appropriate debt to equity ratio.

 

 



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

HLG Full Year Results for the period ending 1 August 2025
TWR - Tower announces partnership with Westpac NZ
PaySauce charts Australian launch; reiterates guidance
September 26th Morning Report
Fonterra reports continued strong performance in FY25
Air NZ issues Australian $300 million Medium Term Notes
KMD - FY25 Annual Results Announcement
Tower successfully renews insurance programme for FY26
September 24th Morning Report
AIA - Auckland Airport considers bond offers