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Sports Entertainment Group Limited (ASX:SEG)

ALERT: Price-sensitive ASX Announcement for SEG
Current share price for SEG : $0.340 0.1 (41.67%)+
Announcement
Release
10 Mar 2026 9:05AM
Price at Release
$0.240
Full Release
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Summary
Sports Entertainment Group Limited announced its intention to carry out an on-market share buy-back of up to 10% of its issued ordinary shares over the next 12 months. The Board believes the current share price does not fully reflect the company's value, and the buy-back aims to enhance shareholder value and maintain balance sheet strength. The buy-back will operate under the '10/12' limit of the Corporations Act 2001, commencing on 24 March 2026, with the company reserving the right to modify or terminate the initiative. Purchases will be at the company’s discretion, aligning with market conditions and capital needs.
Key Points
  • Sports Entertainment Group Limited announces an on-market share buy-back.
  • Up to 10% of issued ordinary shares to be bought over 12 months.
  • Buy-back aims to enhance shareholder value and reflect true company value.
  • Buy-back to commence on 24 March 2026.
  • Purchases to be made at the company's discretion under the '10/12' limit.
  • Company reserves the right to vary or terminate the buy-back.
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.