Platinum Capital Limited announces a share repurchase program for 29,218,670 shares, representing 10% of its issued share capital.
April 08, 2021 at 12:00 am EDT
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Platinum Capital Limited (ASX: PMC) announces a share repurchase program. Under the program, the Fund will repurchase up to 29,218,670 shares, representing 10% of its issued share capital. The shares repurchases programintends to extend the buy-back period for a further period of up to 12 months, as part of the company’s ongoing capital management policy. The Fund will commence repurchase program on April 23, 2021 and will expire on April 22, 2022. As of April 8, 2021, the company has 292,186,708 shares in issue.
Credit Suisse Equities (Australia) Limited to act as its broker to the company.
Platinum Capital Limited is an Australia-based closed-ended investment company. The Company's objective is to provide capital growth over the long term through investing in companies worldwide. The Company offers investors a way of accessing an actively managed, truly diversified portfolio of companies from around the world and across industry sectors, providing exposure to undervalued businesses in both developed and emerging markets. The Company invests in various sectors, including financials, industrials, information technology, materials, energy, health care, consumer discretionary, communication services, real estate, consumer staples, and utilities. Australia, China, Hong Kong, India, Japan, Austria, Austria, Finland, France, Germany, Switzerland, Canada, and the United States of America. Platinum Investment Management Limited is the investment manager of the Company.
PLATINUM CAPITAL LIMITED 
