Katana Capital Limited (ASX:KAT) Announces On-Market Buy-Back
Buy-Back Details
Katana Capital Limited (ASX:KAT) has announced an on-market buy-back programme for its ordinary fully paid securities, amounting to a maximum of 3,142,313 shares. The company currently has 31,423,126 ordinary shares on issue. The buy-back is set to commence on January 2, 2025, and conclude by December 31, 2025.
Brokerage and Payment
The buy-back will be executed through broker Canaccord Genuity, offering shares for purchase at cash consideration in Australian dollars. Importantly, no security holder approval is required for this buy-back.
Overview
This initiative reflects Katana Capital’s strategic approach to managing its capital and shareholder value.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.