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Platinum Capital Limited (ASX:PMC)

ALERT: Price-sensitive ASX Announcement for PMC
Current share price for PMC : $1.765 0.283 (19.06%)+
Announcement
Release
21 Aug 2025 8:08AM
Price at Release
$1.483
Full Release
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Summary
Platinum Capital Limited has announced a notification regarding the on-market buy-back of its ordinary shares. The announcement provides details about the buy-back process, including the total number of shares on issue before the buy-back, the maximum number of shares the company intends to buy back, and the reasons for undertaking the buy-back, which are primarily to improve capital management and shareholder value. The document also outlines the expected timetable for the buy-back, relevant approvals, and the manner in which any shares bought back will be dealt with (such as cancellation). The notification states that shareholders do not need to take any action in response to the announcement, and there will be no adverse tax consequences for them as a result of the buy-back.
Key Points
  • Platinum Capital Limited announces an on-market buy-back of ordinary shares.
  • Purpose of the buy-back is to improve capital management and enhance shareholder value.
  • Details provided include the number of shares on issue and the maximum number of shares to be bought back.
  • Shares bought back will be cancelled.
  • No action is required from shareholders.
  • No adverse tax consequences for shareholders are expected.
  • The buy-back is in accordance with relevant listing rules and regulatory requirements.
  • Timetable for the buy-back is included in the notification.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.