Infomedia Limited (ASX:IFM) Announces Share Buyback
Share Buyback Details
Infomedia Limited (ASX:IFM) announces an on-market share buyback of up to 5% of its issued capital, approximately 18.80 million ordinary shares, over a 12-month period commencing 3 March 2025. The buyback price will not exceed 5% above the volume-weighted average market price calculated over the last five trading days before purchase. Purchased shares will be cancelled, reducing the total number of shares in issue. Infomedia reserves the right to vary, suspend, or terminate the buyback at any time in accordance with legal requirements.
Financial Position
Infomedia maintains a strong balance sheet with $78 million in cash and no debt. The company prioritises investing in product enhancements and organic growth while preserving flexibility for future investment opportunities.
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 positions in and has recommended Infomedia. The Motley Fool Australia has recommended Infomedia. 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.