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Zip Co Limited (ASX:ZIP)

ALERT: Price-sensitive ASX Announcement for ZIP
Current share price for ZIP : $3.070 1.22 (65.95%)+
Announcement
Release
20 Feb 2026 8:26AM
Price at Release
$1.850
Full Release
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Summary
Zip Co Limited has announced an on-market share buy-back program to repurchase up to $50 million of its ordinary shares, commencing on or about 6 March 2026 for a period of up to 12 months. The program is subject to market conditions and aims to enhance shareholder value by managing surplus capital efficiently. It will adhere to the Corporations Act and ASX Listing Rules, ensuring the purchase price does not exceed 5% above the average share price over the five preceding trading days and will not surpass 10% of the issued capital in the specified period. The program reflects Zip's confidence in its financial stability and commitment to long-term strategic goals.
Key Points
  • Zip Co Limited announces a $50 million share buy-back program.
  • The buy-back will start on or around 6 March 2026, lasting up to 12 months.
  • The program depends on market conditions and Zip's share price.
  • Purchases will be no more than 5% above the volume-weighted average price over the past five days.
  • The buy-back will not exceed 10% of issued capital over the 12-month period.
  • The initiative aligns with Zip's capital management strategy to maximize shareholder value.
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.