InvestSMART

DigitalX Limited (ASX:DCC)

ALERT: Price-sensitive ASX Announcement for DCC
Current share price for DCC : $0.028 0.005 (21.74%)+
Announcement
Release
26 Jun 2026 3:32PM
Price at Release
$0.023
Full Release
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Summary
DigitalX Limited, an Australian digital investment manager, has announced an on-market buy-back of up to 120,362,388 fully paid ordinary shares, which represents approximately 10% of the smallest number of shares on issue in the last 12 months. This buy-back is set under the '10/12 limit' of the Corporations Act 2001, allowing it without shareholder approval, and is valued at approximately $3 million based on the closing share price of $0.025 as of 25 June 2026. The company believes the buy-back will add value to remaining shares by purchasing them at a discount to their intrinsic value. The buy-back will commence between 13 July 2026 and 31 December 2026, depending on market conditions, and Foster Stockbroking Pty Ltd will conduct it. DigitalX aims to efficiently manage its capital through this strategic move.
Key Points
  • DigitalX Limited announces on-market buy-back
  • Shares to be bought back represent 10% of the smallest prior 12-month issue
  • Buy-back valued at approximately $3 million
  • Shares priced at $0.025 will be repurchased
  • Buy-back set within '10/12 limit' under Corporations Act 2001
  • No shareholder approval required for the buy-back
  • Foster Stockbroking Pty Ltd to conduct the buy-back
  • Commencement between 13 July 2026 and 31 December 2026
  • Buy-back aims to manage capital efficiently and add value to shares
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.