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Reliance Worldwide Corporation Limited (ASX:RWC)

ALERT: Price-sensitive ASX Announcement for RWC
Current share price for RWC : $3.780 0.86 (29.45%)+
Announcement
Release
16 Mar 2026 8:17AM
Price at Release
$2.920
Full Release
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Summary
Reliance Worldwide Corporation Limited (RWC) has announced an additional A$120 million on-market share buy-back, representing a strategic return of excess capital in alignment with their capital management framework. This move follows a previous buy-back of US$15.3 million declared in February 2026. The buy-back will be financed through the company's cash reserves and accessible borrowing facilities. RWC's leverage ratio has decreased below their target range of 1.5 to 2.5 times net debt to EBITDA, supporting this buy-back as a suitable approach to returning excess capital to shareholders. The company retains the flexibility to modify or discontinue the buy-back as necessary, ensuring compliance with the 10/12 limit.
Key Points
  • RWC announces a further A$120 million on-market share buy-back.
  • The buy-back represents a return of excess capital in line with RWC’s capital management framework.
  • This buy-back is in addition to the US$15.3 million buy-back announced in February 2026.
  • The buy-back will be funded using a combination of cash reserves and available borrowing facilities.
  • RWC’s leverage ratio has fallen below the target range of 1.5 to 2.5 times net debt to EBITDA.
  • The varied on-market buy-back will meet the requirements of the 10/12 limit.
  • RWC reserves the right to vary, suspend or terminate the on-market share buy-back at any time.
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.