Sharechat Logo

IPL - Share Buyback Programme to Commence 15 July 2022

Monday 11th July 2022

Text too small?

In accordance with Listing Rule 4.14.2, Investore Property Limited (Investore) announces that it will begin an on-market share buyback programme to purchase up to 5% of its ordinary shares (being 18,406,751 ordinary shares).

The share buyback will only acquire shares on the NZX Main Board and may occur from 15 July 2022 for a period of up to 12 months from the date of this notice. The number of shares purchased under the share buyback programme from time to time will be notified to the NZX within one business day following the date on which shares are bought back. The acquired shares will be cancelled upon acquisition.

Investore has discussed the share buyback with its cornerstone shareholder, Stride Property Limited (SPL), which currently owns 18.8% of the shares in Investore. SPL has advised that it does not intend to participate in the share buyback.

Investore reserves the right to suspend without notice or terminate the buyback programme at any time.

Ends

Investore Property Limited - Share Buyback Programme to Commence 15 July 2022 - 110722



  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:

July 18th Morning Report
July 17th Morning Report
Meridian Energy monthly operating report for June 2025
July 16th Morning Report
AIA - June 2025 Monthly traffic update
CHI - Q2 2025 Operational Update
July 15th Morning Report
BPG - Blackpearl Acquires US AI Platform to Accelerate Growth
TGG - Response to media speculation
ARB - Annual Meeting Date and Director Nominations