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Tribeca Global Natural Resources Limited (ASX:TGF)

ALERT: Price-sensitive ASX Announcement for TGF
Current share price for TGF : $2.530 1.075 (73.88%)+
Announcement
Release
26 Aug 2025 8:32AM
Price at Release
$1.455
Full Release
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Summary
Tribeca Global Natural Resources Limited (TGF) has announced an unfranked interim dividend of 6.0 cents per share for the period ending 31 December 2023, with a record date of 27 March 2024 and payment on 18 April 2024. In addition, TGF will commence an on-market share buy-back from 2 April 2024 for up to 12 months, targeting up to 10% of its ordinary shares, funded from existing cash reserves. The buy-back is aimed at enhancing shareholder value and is subject to market conditions and capital needs, reflecting the Board’s focus on effective capital management.
Key Points
  • The announcement details Tribeca Global Natural Resources Limited’s (TGF) intention to pay a dividend to shareholders.
  • TGF declared an unfranked interim dividend of 6.0 cents per share for the period ending 31 December 2023.
  • The record date for the dividend is 27 March 2024, with a payment date of 18 April 2024.
  • The dividend is not franked due to the company not having sufficient franking credits.
  • TGF also announced an on-market share buy-back program aiming to enhance shareholder value and improve capital management.
  • The buy-back is set to commence from 2 April 2024 and will run for up to 12 months.
  • The buy-back will be conducted at times and in volumes determined by the Board, subject to market conditions and the company’s capital needs.
  • The buy-back will be funded by existing cash reserves, and the maximum number of shares to be bought back will not exceed 10% of TGF’s ordinary shares as at the date of the announcement.
  • The Board believes the buy-back is in the best interests of shareholders and reflects the company’s commitment to capital management.
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.