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hipages Group Holdings Limited (ASX:HPG)
ALERT: Price-sensitive ASX Announcement for HPG
Current share price for HPG : $0.765 0.075 (10.87%)+
Announcement
Release
30 Apr 2026 8:48AM
Price at Release
$0.690
Full Release
Summary
hipages Group Holdings Limited announced an on-market share buy-back of up to 10% of its issued share capital, citing strong growth, significant cash flow, and a robust balance sheet as reasons. The buy-back, set to begin on or after May 14, 2026, will be funded by existing cash facilities and will occur over a 12-month period. The decision reflects the company's belief that its shares are currently undervalued by the market.
Key Points
- hipages Group launches an on-market share buy-back.
- Buy-back represents up to 10% of issued share capital.
- Initiative taken due to profitable growth trajectory and robust balance sheet.
- Plan to commence buy-back on or after May 14, 2026.
- Buy-back to occur over a period of up to 12 months.
- Share buy-back funded from existing cash facilities.
- hipages Group believes shares are currently undervalued.
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.
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