XPD Soccer Gear Group Limited announces an Equity Buyback for 43,000,000 shares, representing 9.9% of its issued share capital.

XPD Soccer Gear Group Limited (ASX:XPD) announces a share repurchase program. Under the plan, the company will repurchase up to 43,000,000 shares, representing 9.9% of issued share capital. The shares will be repurchased on market. The shares will be repurchased for the purpose of capital management. As of September 6, 2016, the company has 434,534,634 shares under issue.