InvestSMART

Perseus Mining Limited (ASX:PRU)

ALERT: Price-sensitive ASX Announcement for PRU
Current share price for PRU : $4.850 -0.03 (-0.61%)+
Announcement
Release
15 Jun 2026 9:15AM
Price at Release
$4.880
Full Release
download
Summary
Perseus Mining Limited has announced an increase in their on-market share buy-back program to a total of A$150 million, as part of their Capital Allocation Framework aimed at returning capital to shareholders. The program, initially set at A$100 million, has already seen Perseus purchase 19,077,751 shares at an average price of A$5.24 per share. Since the start of the buy-back initiatives in August 2024, the company has acquired a total of 45,076,176 shares, worth A$183.5 million at an average price of A$4.07 per share, representing 3.3% of shares on issue at the notification of the maiden buyback. Perseus's board is confident in the company's balance sheet and cash flow, which supports both this capital return to shareholders and the funding of its growth initiatives. The expanded buy-back will be aligned with ASX Listing Rules and Corporations Act requirements, with its execution subject to market conditions.
Key Points
  • Perseus Mining increases buy-back to A$150 million.
  • Initial buy-back of A$100 million began in August 2025.
  • 45,076,176 shares bought since August 2024 for A$183.5 million.
  • Average purchase price of shares was A$4.07.
  • Program aligns with ASX and Corporations Act requirements.
  • Expansion demonstrates confidence in balance sheet and cash flow.
  • Focus on shareholder return and capital allocation discipline.
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.