Brief: Far Says To Undertake On-Market Share Buy-Back For Up To 10% Of Co's share

FAR

17/11/2022 02:13

Nov 17 (Reuters) - FAR  FAR.AX :
    * INTENTION TO UNDERTAKE AN ON-MARKET SHARE BUY-BACK FOR UP
TO 10%
OF COMPANY'S ISSUED CAPITAL
    * THE BUY-BACK WILL BE CONDUCTED IN THE ORDINARY COURSE OF
TRADING
    * IS PERMITTED TO CONDUCT BUY-BACK WITHOUT SHAREHOLDER
APPROVAL
    * A BUY-BACK OF 10% OF THE CO'S ISSUED CAPITAL WOULD COME AT
COST
OF A$8.15 MILLION AT CURRENT PREVAILING SHARE PRICE
    * AS AT 31 OCT, CO HAD CASH BALANCE OF US$34.4 MILLION
(UNAUDITED)

Source text for Eikon:  ID:nASXq9TfR 
Further company coverage:  FAR.AX 
 ((Reuters.Briefs@thomsonreuters.com;))