ASX-listed Earlypay have introduced that the Board has authorised a proposal to conduct an on-market share buy-back of as much as 27,000,000 abnormal absolutely paid shares.
The buy-back might be managed inside the ‘10/12 restrict’ permitted by the Companies Act, and subsequently doesn’t require shareholder approval.
Earlypay intends to begin the share buy-back on or after Thursday, 21 November 2024 for as much as a 12 month interval.
Earlypay intends to conduct the buy-back having regard to the prevailing share worth, market situations and unexpected circumstances. Nevertheless the corporate have additionally suggested to shareholders that there will be no certainty that it’s going to purchase all or any shares underneath the share buy-back.