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FSA Group Limited (ASX:FSA)

ALERT: Price-sensitive ASX Announcement for FSA
Current share price for FSA : $1.280 0.23 (21.90%)+
Announcement
Release
19 Aug 2025 10:35AM
Price at Release
$1.050
Full Release
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Summary
FSA Group Limited has announced the on-market buy-back of its fully paid ordinary shares in accordance with ASX Listing Rule 3.8A. The buy-back, which will not exceed 10% of the smallest number of shares on issue in the last 12 months, is intended to manage the company's capital efficiently and enhance shareholder value. The directors believe the buy-back is in the best interests of the company by providing an opportunity to repurchase shares at prices below their intrinsic value, thus benefiting remaining shareholders. The buy-back will be funded from existing cash reserves and conducted through the Australian Securities Exchange. No directors or their associates will participate in the buy-back, and no specific price range has been set, with purchases to be made at the prevailing market price. The buy-back may commence on 28 June 2024 and will be reviewed periodically depending on market conditions and the company’s financial position.
Key Points
  • FSA Group Limited announced an on-market buy-back of fully paid ordinary shares.
  • The buy-back will not exceed 10% of the smallest number of shares on issue in the last 12 months.
  • The purpose is to manage capital efficiently and enhance shareholder value.
  • Buy-back funded by existing cash reserves.
  • Shares will be repurchased via the Australian Securities Exchange at market price.
  • No directors or their associates will participate in the buy-back.
  • The buy-back is set to commence on or after 28 June 2024.
  • No specific price range for buy-back; purchases depend on prevailing market price.
  • The buy-back will be periodically reviewed based on market conditions and company financials.
  • Directors consider the buy-back to be in the best interests of the company and its shareholders.
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.