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PPK Group Limited (ASX:PPK)

ALERT: Price-sensitive ASX Announcement for PPK
Current share price for PPK : $0.420 0.07 (20%)+
Announcement
Release
6 Aug 2026 8:28AM
Price at Release
$0.350
Full Release
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Summary
PPK Group Limited announced an on-market share buyback valued at up to $2.5 million, following the sale of its 39.85% interest in Craig International Ballistics Pty Ltd. The initiative seeks to return value to shareholders based on the assessment that the company's shares are undervalued. The buyback, which starts on 31 August 2026 and spans FY27, does not require shareholder approval under the Corporations Act. The majority of the proceeds from the CIB sale will be retained for growth activities, and the Board may suspend or terminate the buyback if necessary.
Key Points
  • PPK Group Limited announced an on-market share buyback.
  • The buyback follows the sale of a 39.85% interest in Craig International Ballistics Pty Ltd.
  • Up to $2.5 million in value will be used for the buyback.
  • The buyback aims to return value to shareholders and is based on the belief that the company's shares are undervalued.
  • The buyback is expected to commence on 31 August 2026 and will be conducted throughout FY27.
  • No shareholder approval is required for this buyback as per the Corporations Act.
  • The company plans to retain 90% of the proceeds from the CIB sale for growth activities.
  • The Board reserves the right to suspend or terminate the buyback at any time.
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.