Superloop to Buy Back Up to 4.5 Million Shares for Employee Performance Rights Plan

MT Newswires Live
May 19

Superloop (ASX:SLC) said Pacific Custodians, as trustee of the Superloop Employee Share Plan Trust, is set to acquire a maximum of 4.5 million fully paid ordinary shares on-market to satisfy performance rights vesting after June 30, according to a Tuesday Australian bourse filing.

The trust will begin acquiring shares three business days from the date of the notice, at a price not more than 5% above the volume-weighted average share price, the filing added.

The company's shares rose 1% in recent Tuesday trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10