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Shriro Holdings Limited (ASX:SHM)

ALERT: Price-sensitive ASX Announcement for SHM
Current share price for SHM : $0.745 0.055 (7.97%)+
Announcement
Release
17 Oct 2025 6:16PM
Price at Release
$0.690
Full Release
download
Summary
Shriro Holdings Limited (ASX: SHM) has proposed a share buy-back of up to $5 million worth of shares at $0.81 per share, representing about 7.9% of its share capital. This buy-back is part of a strategic shift away from acquisitions towards a capital-light model aimed at global expansion of its BBQ range. The buy-back is at a 14.1% premium to the five-day VWAP as of 8 October 2025 and follows a similar buy-back executed in February 2025. Additional resolutions propose further buy-backs up to $10 million and $5 million, subject to shareholder approval. This strategy reflects the Board's decision to return excess capital to investors and focus on representing third-party brands in Australia and New Zealand.
Key Points
  • Proposed share buy-back of up to $5 million at $0.81 per share
  • Buy-back represents approximately 7.9% of share capital
  • Buy-back priced at a 14.1% premium to recent trading levels
  • Shift from acquisitions to a capital-light global expansion model
  • Focus on BBQ range and third-party brand representation in ANZ
  • Additional resolutions for further buy-backs of $10 million and $5 million
  • Board's strategy to return excess capital to investors
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.