Boom (ASX:BOL) on-market share buy-back announcement

Boom Logistics Limited (ASX:BOL) has announced the continuation of its on-market share buy-back program, aiming to purchase up to a maximum of 42,673,558 shares, representing 10% of its issued Ordinary Shares on issue. The renewed buy-back is scheduled to commence on or around 16 October 2024 and will run for the duration of one year. The share buy-back price will be no more than 5% above the volume weighted price of the Company's shares over the 5 trading days prior to the purchase.

Executive Commentary on Share Buy-Back Program

The continuation of the share buy-back scheme demonstrates Boom's commitment to increasing value for our shareholders while maintaining sufficient funds to execute upon our asset regeneration and growth strategies. With strong tender activity across all our key segments, we are well placed to deliver improved profitability and cashflow in FY25.

Summary of Boom's On-Market Share Buy-Back Announcement

Boom Logistics Limited (ASX:BOL) has announced the continuation of its on-market share buy-back program, aiming to purchase up to 10% of its issued Ordinary Shares. The company's CEO, Ben Pieyre, emphasized the commitment to increasing value for shareholders while maintaining sufficient funds for asset regeneration and growth strategies. The on-market buy-back program is scheduled to commence on or around 16 October 2024 and will run for the duration of one year. The share buy-back price will be no more than 5% above the volume weighted price of the Company's shares over the 5 trading days prior to the purchase. Boom reserves the right to vary, suspend, or terminate the buy-back at any time, and there is no guarantee that the Company will purchase any or all of the shares referred to above. The announcement reflects the company's focus on capital management and commitment to delivering improved profitability and cashflow in FY25.