Details of On-Market Share Buyback Activation

Australian United Investment Company Limited (ASX: $AUI) has announced the activation of its on-market share buyback. The decision was made by the Board of Directors to buy back up to 12,000,000 ordinary shares with immediate effect. This initiative was first announced in the Appendix 3C on 15 May 2012 and last renewed in the Appendix 3D on 18 May 2023 for the period 1 June 2023 to 31 May 2024.

Executive Commentary on Share Buyback Activation

The activation of the on-market share buyback reflects our commitment to enhancing shareholder value and confidence in the Company's long-term prospects. We believe that this initiative demonstrates our confidence in the underlying strength of the business and our commitment to delivering value to our shareholders. The decision to activate the buyback aligns with our strategic focus on capital management and reflects our confidence in the Company's financial position and future cash flow generation.

Summary of On-Market Share Buyback Activation

Australian United Investment Company Limited (ASX: $AUI) has announced the activation of its on-market share buyback, as previously outlined in the Appendix 3C and 3D announcements. The decision to buy back up to 12,000,000 ordinary shares with immediate effect reflects the Company's commitment to enhancing shareholder value and confidence in its long-term prospects. The Board's decision aligns with the strategic focus on capital management and demonstrates confidence in the Company's financial position and future cash flow generation. This initiative underscores the Company's dedication to delivering value to its shareholders and its confidence in the underlying strength of the business.