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Infragreen Group Limited (ASX:IFN)

ALERT: Price-sensitive ASX Announcement for IFN
Current share price for IFN : $0.410 -0.053 (-11.35%)+
Announcement
Release
28 May 2026 11:32AM
Price at Release
$0.463
Full Release
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Summary
Infragreen Group Limited has announced an on-market share buy-back of up to $10 million as a part of its capital management strategy. The buy-back will commence on 12 June 2026 and will last for a period of 12 months. It is structured within the '10/12 limit' as defined by the Corporations Act 2001, meaning it does not require shareholder approval. Up to approximately 4.6 million ordinary shares may be acquired, potentially increasing to about 21.9 million shares from 20 June 2026. The buy-back will be funded through existing cash reserves and debt, ensuring the company's balance sheet remains robust. The exact number of shares to be bought, the purchase price, and timing will depend on various factors including the prevailing share price and market conditions. IFN reserves the right to alter, suspend, or terminate the buy-back at any time according to legal requirements. This decision is part of a strategic review aimed at optimizing capital management.
Key Points
  • Infragreen Group Limited announces on-market share buy-back.
  • Buy-back amount up to $10 million starting 12 June 2026.
  • Share buy-back within '10/12 limit', no shareholder approval needed.
  • Potential to acquire up to 21.9 million shares by June 2026.
  • Buy-back funded by cash reserves and debt.
  • Future capital requirements and market conditions will dictate buy-back details.
  • Buy-back can be varied, suspended, or terminated, following legal requirements.
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.