Platinum Asia Investments Limited announces an Equity Buyback for 36,978,888 shares, representing 10% of its issued share capital.
April 26, 2024 at 09:30 am IST
Share
Platinum Asia Investments Limited (ASX:PAI) announces a share repurchase program. Under the program, the company will repurchase up to 36,978,888 shares, representing 10% of its issued share capital. The program will commence on May 13, 2024, and it will be until May 12, 2025. As of April 26, 2024, the company has 369,788,883 shares in issue.
JP Morgan Securities Australia Limited acted as broker to the company.
Platinum Asia Investments Limited is an Australia-based investment company. The Company's investment objective is to provide capital growth over the long term through investing primarily in undervalued listed securities of companies in the Asian region (ex-Japan) across sectors. It offers investors an easy and convenient means of accessing an actively managed, diversified portfolio of Asian (ex-Japan) companies across industry sectors, providing exposure to undervalued businesses that are benefiting from Asiaâs dynamic growth and transformation. It aims to achieve net returns over a five-year plus investment horizon that are in excess of the benchmark (MSCI All Country Asia ex Japan Net Index (A$)) returns. It invests in sectors that include consumer discretionary, industrials, information technology, real estate, financials, materials, consumer staples, communication services, health care, energy and others. The Companyâs investment manager is Platinum Investment Management Limited.
PLATINUM ASIA INVESTMENTS LIMITED 
