Sims Limited announces an Equity Buyback for 20,152,690 shares, for AUD 150 million.
August 23, 2021 at 03:46 am IST
Sims Limited (ASX:SGM) announces a share repurchase program. Under the program, the company will repurchase up to 20,152,690 shares for a total purchase price of $150 million. All the ordinary shares repurchased will be cancelled. The purpose of the repurchase program is capital management. The program will continue through September 5, 2022. As of August 23, 2021, the company has 201,523,869 shares in issue.