Australian Finance Group Launches On-Market Share Buy-Back Program; Shares Hit Near Two-Year Low
MT Newswires Live
Jun 02
Australian Finance Group (ASX:AFG) launched an on-market share buy-back program of up to AU$15 million, according to a Tuesday filing with the Australian bourse.
The company plans to start the buy-back from June 16 for up to six months, ending on Dec. 15, unless terminated or completed earlier, the filing said.
The maximum number of shares that may be acquired under the buy-back is roughly 9.7 million, representing about 3.5% of the company's current issued capital, per the filing.
Shares fell 5% in morning trade on Tuesday and earlier reached their lowest since July 2024.
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