Cadence Capital's On-market Buy-back Announcement

Cadence Capital Limited (ASX:CDM) has released a new announcement on 3/10/2024 regarding the on-market buy-back of its ordinary fully paid securities. The company intends to buy back up to 10,000,000 securities, with the proposed buy-back start date set for 21/10/2024 and the end date on 17/10/2025.

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 delivering value to our shareholders and optimizing the company's capital structure. We believe that this buy-back demonstrates confidence in the company's financial position and future prospects.

Summary of Cadence Capital's Buy-back Announcement

Cadence Capital Limited (ASX:CDM) has announced an on-market buy-back of up to 10,000,000 of its ordinary fully paid securities. The proposed buy-back start date is 21/10/2024, with the end date set for 17/10/2025. This initiative signifies the company's confidence in its financial position and commitment to enhancing shareholder value. The buy-back aims to optimize the company's capital structure and reflects its positive outlook on future prospects.