CIMIC Announces Further Market Share Buyback

  • Dec 13, 2019 AEDT
  • Team Kalkine

CIMIC Group Limited (ASX: CIM), an engineering-led construction company, has announced a further on-market share buyback of up to 10% of CIMIC’s fully paid ordinary shares. The company’s current on-market share buy-back will end on 28 December 2019.

  • The new share buyback will be funded by a combination of working capital facilities and cash balances;
  • The number of shares purchased, and timing will depend on the company’s share price and market conditions;
  • The new share buyback aims to enhance shareholders return and capital efficiency.

At AEST 1:00PM, the stock was trading at $33.71 per share, up by 0.74% from its previous close.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK