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Naos Small Cap Opportunities Company (ASX: $NSC) announces on-market buy-back

Naos Small Cap Opportunities Company buy-back announcement


Naos Small Cap Opportunities Company Limited (ASX: $NSC) has released a new announcement on 4/4/2024 regarding the on-market buy-back of its fully paid ordinary securities. The company intends to buy back up to 13,497,349 securities through Taylor Collison Limited, with the proposed buy-back start date set for 19/4/2024 and end date on 17/4/2025.

Executive commentary on the buy-back announcement


The company is pleased to announce the decision to initiate an on-market buy-back of its fully paid ordinary securities. This action reflects our commitment to delivering value to our shareholders and demonstrates confidence in the long-term prospects of the company. We believe that the buy-back presents an opportunity to enhance shareholder returns and optimize the company's capital structure.

Summary of Naos Small Cap Opportunities Company buy-back announcement


Naos Small Cap Opportunities Company Limited (ASX: $NSC) has announced an on-market buy-back of up to 13,497,349 fully paid ordinary securities through Taylor Collison Limited. The proposed buy-back is set to commence on 19/4/2024 and conclude on 17/4/2025. The decision to initiate the buy-back reflects the company's commitment to delivering shareholder value and confidence in its long-term prospects. This move aims to optimize the company's capital structure and enhance shareholder returns.

NAOS SMALL CAP OPPORTUNITIES COMPANY LIMITED
NSC | ASX
0.440.005(+1.15%)
At close 05/07 (AEDT)
Market cap
$58.7M
Volume
240,164
DY Yield
11.36
PE Ratio
157.14
52 Week Range
0.43 - 0.74
1YR Return
-58.879%

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