Shine Justice Plans Additional On-Market Share Buy-Back Program

MT Newswires Live

Sep 17

Shine Justice (ASX:SHJ) intends to undertake an additional on-market share buy-back of up to 10% of its issued capital, following the completion of a prior buy-back earlier this week, according to a Wednesday Australian bourse filing.

Under its previous on-market share buy-back, the company repurchased and cancelled around 3.9 million shares for AU$2.8 million, per the filing.

The new buy-back, aligned with the company's capital management strategy, is set to begin on or around Oct. 3 and may continue for up to 12 months, subject to market conditions, share price, capital requirements, and other factors, the filing said.

The buy-back does not require shareholder approval, and the company may suspend or terminate it at any time, the filing added.

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