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Shriro Holdings Limited (ASX:SHM)

ALERT: Price-sensitive ASX Announcement for SHM
Current share price for SHM : $0.735 -0.025 (-3.29%)+
Announcement
Release
26 Feb 2026 5:44PM
Price at Release
$0.760
Full Release
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Summary
Shriro Holdings Limited has announced a share buy-back, intending to repurchase up to $15 million worth of shares at $0.81 per share, representing approximately 25.82% of the company's issued share capital. This buy-back is structured as an off-market equal access buy-back, requiring ASIC relief and an ASX waiver for execution. The initiative follows a similar buy-back completed in 2025, aimed at improving earnings per share (EPS) while returning cash to shareholders. The buy-back is funded through excess capital and a short-term debt facility, maintaining the company's strong financial position post-execution. Key dates include the opening of the buy-back invitation on 26 March 2026 and closing on 24 April 2026, with results announced by 28 April 2026. Fiona Brown's role is notable as her interest in Brunneis Investments, a significant shareholder, might increase voting power significantly through this buy-back.
Key Points
  • Shriro Holdings Limited announces a share buy-back of up to $15 million.
  • Shares to be bought back at $0.81 per share.
  • Buy-back represents approximately 25.82% of total issued share capital.
  • Conducted as an off-market equal access buy-back.
  • Requires ASIC relief and ASX waiver.
  • Funded from excess capital and short-term debt.
  • Key dates include opening on 26 March 2026 and closing on 24 April 2026.
  • Buy-back aims to improve EPS and return cash to shareholders.
  • Potential increase in voting power for Brunneis Investments.
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.