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Underwood Capital Limited (ASX:UWC)

ALERT: Price-sensitive ASX Announcement for UWC
Current share price for UWC : $0.051 -0.016 (-23.88%)+
Announcement
Release
6 Oct 2025 1:38PM
Price at Release
$0.067
Full Release
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Summary
Underwood Capital Limited, an Australian-listed investment company, announced the extension of its on-market share buyback program. The buyback, which began on 10 October 2024, allows UWC to acquire up to 20,532,686 ordinary shares, approximately 10% of its ordinary shares, over a 12-month period starting 27 October 2025. This initiative is part of UWC's capital management strategy, motivated by the continued discount of its shares compared to their net asset value and the company's strong capital position. The execution of the buyback will depend on market conditions, share availability, and other relevant factors, and the company retains the right to suspend or terminate the buyback at any time.
Key Points
  • UWC extends on-market share buyback program.
  • Up to 20,532,686 shares to be bought, about 10% of total shares.
  • Buyback motivated by share value discount and strong capital position.
  • Program runs from 27 October 2025 for 12 months.
  • Buyback execution depends on market conditions and share availability.
  • UWC can suspend or terminate the buyback at any time.
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.