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Smart Parking Limited (ASX:SPZ)

ALERT: Price-sensitive ASX Announcement for SPZ
Current share price for SPZ : $0.710 0.08 (12.70%)+
Announcement
Release
18 Aug 2026 8:08AM
Price at Release
$0.630
Full Release
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Summary
Smart Parking Limited, listed on the ASX under the ticker SPZ, announced its board's approval for an on-market share buy-back of up to $5 million of ordinary fully paid shares. The buy-back will comply with the '10/12 limit' under the Corporations Act, avoiding the need for shareholder approval, and is scheduled to begin on September 1, 2026, lasting up to 12 months. The company will conduct the buy-back based on prevailing share prices, market conditions, and other unforeseen circumstances, making no guarantee of acquiring any or all shares. The announcement was authorized by Richard Ludbrook, the Company Secretary.
Key Points
  • Board approved a share buy-back of up to $5 million.
  • Buy-back managed within the '10/12 limit' of the Corporations Act.
  • No shareholder approval required for the buy-back.
  • Buy-back to commence on September 1, 2026, for up to 12 months.
  • Conducted based on share price, market conditions, and unforeseen circumstances.
  • No certainty that any or all shares will be acquired.
  • Announcement authorized by Richard Ludbrook, Company Secretary.
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.