Rey Resources on-market buy-back announcement

Rey Resources Limited (ASX:REY) has released a new announcement on 2/9/2024 regarding the on-market buy-back of its ordinary fully paid securities. The company intends to buy back up to 21,156,090 securities through Bell Potter Securities Limited, with the proposed buy-back start date set for 16/9/2024 and the end date for 15/9/2025. The buy-back will be conducted for cash consideration in Australian Dollar (AUD).

Executive Commentary on the Buy-back

The company is pleased to announce the decision to initiate an on-market buy-back of our ordinary fully paid securities. This action reflects our commitment to enhancing shareholder value and optimizing our capital structure. We believe that the buy-back presents an attractive opportunity to deploy our capital efficiently while maintaining ample financial flexibility. We are confident in the long-term prospects of the company and remain focused on delivering sustainable value to our shareholders.

Summary of Rey Resources Buy-back Announcement

Rey Resources Limited (ASX:REY) has announced an on-market buy-back of up to 21,156,090 of its ordinary fully paid securities through Bell Potter Securities Limited. The buy-back is set to commence on 16/9/2024 and conclude on 15/9/2025. The company intends to conduct the buy-back for cash consideration in Australian Dollar (AUD). This strategic move underscores Rey Resources' commitment to enhancing shareholder value and optimizing its capital structure. The company remains confident in its long-term prospects and is dedicated to delivering sustainable value to its shareholders.