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Pacific Current Group Limited (ASX:PAC)

ALERT: Price-sensitive ASX Announcement for PAC
Current share price for PAC : $11.950 2.45 (25.79%)+
Announcement
Release
15 Oct 2025 9:34AM
Price at Release
$9.500
Full Release
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Summary
Pacific Current Group Limited (PAC), an Australian multi-boutique asset management firm, announced its intention to conduct an on-market buy-back of up to 2,000,000 of its fully paid ordinary shares, representing approximately 6.8% of its issued share capital. The buy-back is part of the company's capital management strategy and will be funded from existing cash reserves. The initiative is expected to enhance shareholder value by reducing the number of shares on issue, thereby increasing earnings per share. The buy-back will commence on 30 October 2025 and can continue until 29 October 2026, unless completed earlier. The company retains the right to vary, suspend, or terminate the buy-back at any time, and it will be conducted in accordance with the Corporations Act 2001 and the ASX Listing Rules. PAC remains committed to supporting the growth of its portfolio companies and will continue to seek new strategic investment opportunities, focusing on the domestic market.
Key Points
  • On-market buy-back of up to 2,000,000 shares
  • Buy-back represents 6.8% of issued share capital
  • Funded from existing cash reserves
  • Buy-back to enhance shareholder value
  • Commence on 30 October 2025, may continue until 29 October 2026
  • Company reserves the right to vary, suspend, or terminate the buy-back
  • Buy-back conducted under Corporations Act 2001 and ASX Listing Rules
  • Commitment to growth and strategic investments in domestic market
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.