Ariadne Australia (ASX: $ARA) on-market buy-back extension announcement

Ariadne Australia Limited (ASX: $ARA) has announced the extension of its on-market buy-back facility for a period of up to 12 months as part of its ongoing capital management initiatives. The buy-back aims to acquire shares trading below the Board's view of their intrinsic value, with the intention of benefiting all shareholders. An updated Appendix 3C related to the buy-back extension will be lodged following this announcement.

Executive Commentary on On-Market Buy-Back Extension

The on-market buy-back extension reflects our commitment to actively manage our capital structure and enhance shareholder value. By acquiring shares below their intrinsic value, we aim to provide long-term benefits to our shareholders. This initiative aligns with our strategy to optimize our capital allocation and underscores our confidence in the company's future prospects.

Summary of Ariadne Australia's On-Market Buy-Back Extension

Ariadne Australia Limited (ASX: $ARA) has extended its on-market buy-back facility for up to 12 months as part of its capital management initiatives. The buy-back is aimed at acquiring shares trading below the Board's view of their intrinsic value, with the goal of benefiting all shareholders. The company's commitment to actively managing its capital structure and enhancing shareholder value is evident through this extension. This initiative aligns with Ariadne's strategy to optimize capital allocation and demonstrates confidence in the company's future prospects.