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Shriro Holdings Limited (ASX:SHM)

ALERT: Price-sensitive ASX Announcement for SHM
Current share price for SHM : $0.720 -0.065 (-8.28%)+
Announcement
Release
12 Mar 2026 11:22AM
Price at Release
$0.785
Full Release
download
Summary
Shriro Holdings Limited has announced an off-market buy-back to purchase up to $15 million worth of its shares at $0.81 per share, a 5.5% premium over the market price prior to the announcement. The buy-back, which was approved at the 2025 Annual General Meeting, will allow for the acquisition of approximately 18,518,518 shares, potentially enhancing earnings per share and return on equity. Participation is voluntary and the initiative is funded by surplus capital and profits. This buy-back might alter control dynamics, increasing the voting power for non-participating shareholders, notably affecting Brunneis Investments Pty Ltd, which holds a significant share. The process is structured to be an equal-access buy-back, and shareholders are encouraged to consider the booklet's details thoroughly before participating.
Key Points
  • Shriro Holdings Limited is conducting an off-market buy-back of shares.
  • The buy-back intends to return $15 million to shareholders at $0.81 per share.
  • The buy-back price represents a 5.5% premium to the recent market price.
  • Approximately 18,518,518 shares will be bought back.
  • The buy-back is expected to enhance earnings per share and return on equity.
  • Participation in the buy-back is voluntary for shareholders.
  • The process is supported by the company's profits and surplus capital.
  • The buy-back may impact the control of the company, increasing voting power for non-participating shareholders.
  • Directors, including CEO Tim Hargreaves, have personal discretion to participate.
  • Brunneis Investments Pty Ltd's voting interest may increase due to 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.