Introduction to Duxton Water's on-market share buyback program

Duxton Water Limited (ASX: $D2O) has announced the commencement of an on-market share buyback program, aimed at enhancing shareholder value. The Board believes that the current share price does not accurately reflect the underlying value of the Company's assets, and therefore, the Share Buyback represents an opportunity to address this discrepancy. The Company will only repurchase shares at prices the Board deems to represent a discount to the intrinsic value of the Company. The Share Buyback program is considered to be in the interests of all existing shareholders. Duxton Water has appointed Shaw and Partners Limited as its broker for this initiative.

Executive commentary on the on-market share buyback program

The Board of Duxton Water Limited is pleased to announce the commencement of the on-market share buyback program. This initiative is a strategic move aimed at enhancing shareholder value by addressing the perceived undervaluation of the Company's assets in the current share price. We believe that the Share Buyback program will provide an opportunity to repurchase shares at prices that reflect the true intrinsic value of the Company, thereby benefiting our existing shareholders. We appreciate the ongoing support of our shareholders and are committed to executing this program in their best interests.

Summary of Duxton Water's on-market share buyback program

Duxton Water Limited (ASX: $D2O) has initiated an on-market share buyback program to enhance shareholder value. The Board's decision is based on the belief that the current share price does not accurately reflect the underlying value of the Company's assets. The Share Buyback program aims to address this discrepancy by repurchasing shares at prices deemed to represent a discount to the intrinsic value of the Company. The Board considers this program to be in the interests of all existing shareholders. Duxton Water has appointed Shaw and Partners Limited as its broker for the Share Buyback. The Company acknowledges the support of its shareholders and is committed to executing the program to benefit them.