Sharechat Logo

Accordant Group Limited (NZX: AGL) Intention to Acquire up to 1,000,000 Ordinary Shares

Tuesday 6th April 2021

Text too small?

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.

Please see the link below for details:

Intention to acquire up to 1,000,000 ordinary shares

Source: Accordant Group Limited



  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:

BIF - Acquires shares in Hot Lime Labs
RUA - Cann Group granted TGA GMP for Mildura facility
AFI - Invitation to Results Webcast
PFI Share Buyback Programme to Pause
Greenfern Industries Limited ("GFI") - Late Annual Report
FSF - Monthly Allotment/ Redemption Notice
1st July 2022 Morning Report
General Capital Releases 2022 Annual Report
Fonterra, NZX, EEX confirm GDT strategic partnership
BIF - Annual Report 2022