Platinum Capital Limited announces an Equity Buyback for 29,543,088 shares, representing 10% of its issued share capital.
April 26, 2024 at 12:00 am EDT
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Platinum Capital Limited (ASX:PMC) announces a share repurchase program. Under the program, the company will repurchase up to 29,543,088 shares, representing 10% of its issued share capital. The purpose of the share repurchases is capital management. The program will commence on May 13, 2024, and it will be valid for 12 months, until May 12, 2025. As of April 26, 2024, the company has 295,430,882 shares in issue.
JP Morgan Securities Australia Limited acted as 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 
