Platinum Capital Limited announces a share repurchase program for 29,392,484 shares, representing 10% of its issued share capital.
April 08, 2022 at 09:30 am IST
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Platinum Capital Limited (ASX: PMC) announces a share repurchase program. Under the program, the Fund will repurchase up to 29,392,484 shares, representing 10% of its issued share capital. The program is a part of the company's ongoing capital management policy. The buyback will be funded from company's existing cash flows. The Fund will commence repurchase program on April 26, 2022, and will expire on April 24, 2023. As of April 8, 2022, the company has 293,924,841 shares in issue.
JP Morgan Securities Australia Limited to act as its broker to the company.
Platinum Capital Limited is an Australia-based closed-ended investment company. The Company's objective is to provide capital growth over the long term through investing in companies worldwide. The Company offers investors a way of accessing an actively managed, truly diversified portfolio of companies from around the world and across industry sectors, providing exposure to undervalued businesses in both developed and emerging markets. The Company invests in various sectors, including financials, industrials, information technology, materials, energy, health care, consumer discretionary, communication services, real estate, consumer staples, and utilities. Its investments are in various geographical locations, such as Australia, China, Japan, Austria, Finland, France, Switzerland, Canada, and the United States of America. Platinum Investment Management Limited is the investment manager of the Company.
PLATINUM CAPITAL LIMITED 
