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DDH1: Launches share-buy back

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DDH1 Launches share-buy back

  • DDH1 (DDH) launches an on-market share buy-back program of up to 10 per cent of the issued capital
  • The company will buy back shares sporadically over a 12-month period, starting from July 18
  • After purchasing shares, it will notify the ASX the next business day and the number of shares on issue will reduce accordingly
  • The amount of shares DDH buys will be dependent on market conditions, but it will not purchase shares above five per cent of the five-day volume-weighted average price
  • Shares are trading 16.4 per cent higher at 74.5 cents each at 1:02 pm AEST

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