Brief: Nickel Industries Announces New Capital Management Framework Including Share Buyback

Nickel Industries

30/01/2024 01:01

Jan 30 (Reuters) - Nickel Industries Ltd  NIC.AX :
    * NEW CAPITAL MANAGEMENT FRAMEWORK INCLUDING SHARE BUYBACK
    * ADOPTION OF A NEW CAPITAL MANAGEMENT FRAMEWORK TARGETING
HIGHER
SHAREHOLDER RETURNS
    * INTEND THAT BETWEEN 30-60% OF FREE CASH FLOW GENERATED
WILL BE
RETURNED TO SHAREHOLDERS BY WAY OF REGULAR DIVIDENDS DECLARED
    * INTENDS TO RETURN UP TO US$100M OF ADDITIONAL CAPITAL TO
SHAREHOLDERS
    * BUYBACK OF UP TO US$100M IS EXPECTED TO BE CONDUCTED OVER
A
12-MONTH PERIOD

Source text for Eikon:  ID:nASXmtHhr 
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