Blue Sky Alternatives Access Fund Limited announces an Equity Buyback for13,347,505 shares, representing 6.82% of its issued share capital.
May 01, 2020 at 09:30 am IST
Blue Sky Alternatives Access Fund Limited (ASX:BAF) announces a share repurchase program. Under the program, the company will repurchase up to 13,347,505 shares, representing 6.82% of its issued share capital. The purpose of the buyback is to maximize total shareholder returns. The repurchases will commence on May 18, 2020 and the plan will be valid for a period of 12 months. As at May 1, 2020, the company had 195,789,913 shares in issue.
Ord Minnett acted as broker to the company.