Platinum announces buy-back

The fund manager has fought back after its share price hit its lowest point in a year by announcing plans for a big on-market buy-back.

Platinum Asset Management has announced plans to buy back up to 10% of its total shares on-market over the next 12 months, commencing on 4 October. Shares will only be bought back if the stock 'trades at a significant discount to its underlying value' although 'no target price has been set' (or at least announced).


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles