Orica (ASX:ORI) Announces $400 Million On-Market Share Buy-Back
Share Buy-Back Details
Orica has initiated an on-market share buy-back of up to $400 million, expected to commence on or after 28 March 2025. The buy-back will be conducted over up to 12 months, depending on market conditions, and is within the ’10/12′ limit permitted under the Corporations Act.
Executive Comments
Managing Director and CEO Sanjeev Gandhi stated, “In line with our strategy, we have continued to deliver consistent profitable growth and improved cash flows, supported by strong demand for our innovative products, technologies and services across the global mining and civil infrastructure value chains. The on-market share buy-back is aligned with our refreshed capital management framework to be announced today and demonstrates the Board and Management’s confidence in Orica’s financial strength and outlook now and into the future.”
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