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Tribune Resources Limited (ASX:TBR)

ALERT: Price-sensitive ASX Announcement for TBR
Current share price for TBR : $5.040 -0.25 (-4.73%)+
Announcement
Release
6 May 2026 8:57AM
Price at Release
$5.290
Full Release
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Summary
Tribune Resources Limited has announced an on-market share buyback, intending to repurchase up to 5,246,807 ordinary fully paid shares, which represent 10% of the smallest number of shares on issue in the last 12 months. The buyback is scheduled to commence on 21 May 2026 and will last up to a 12-month period. Utilizing Mainbreak Securities Pty Ltd as the broker, the company aims to maximize the benefits of the buyback while ensuring it does not impact the ongoing operations. The repurchase decision is influenced by market conditions, and there is no assurance that all shares intended for buyback will be acquired. The company's board has approved this decision, and the announcement emphasizes transparency with its shareholders.
Key Points
  • Tribune Resources to conduct an on-market share buyback.
  • The buyback involves up to 5,246,807 shares.
  • Represents 10% of shares on issue in the last 12 months.
  • Commencement date is 21 May 2026 for up to 12 months.
  • Mainbreak Securities Pty Ltd to facilitate the buyback.
  • Market conditions will dictate timing and volume of repurchases.
  • Board assures no operational impact from the buyback.
  • The buyback is subject to market conditions, with no certainty on complete execution.
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.