Tuesday 6th April 2021
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Accordant Group Limited advises of the Group’s intention to buy back up to one million of its shares on market, in compliance with Listing Rule provisions and the Group’s Constitution.
Chairman Ross Keenan explained that, as current shareholders are aware, the Company has for some years maintained an executive share incentive scheme for key employees, and with the process now underway involving new leadership (see release of 25 March); the shares purchased on market would be retained for subsequent allocation to senior staff under the current scheme rules.
AGL will stand in the market for the shares in the trading window following release of the Annual Results at the end of May.
The number of shares actually purchased would be reported on as to volume and price in accordance with NZX requirements.
Keenan noted that this purchase would not affect the Group’s ability to resume the payment of dividends should the Board of AGL resolve to do so upon release of the Group’s Annual Results.
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