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Clime Capital Limited (ASX:CAM), the Australian-listed investment company, has submitted its daily on-market buy-back report confirming the acquisition of 79,000 ordinary fully paid shares on 1 July 2026 at $0.675 each, totaling $53,591.63. Lodged on 2 July 2026, this transaction is part of an ongoing on-market buy-back program initiated in March 2026 and authorised through March 2027. To date, 2,933,808 shares have been repurchased, with 11,407,420 shares still available under the program’s maximum limit. Investors may monitor the pace and pricing of future buy-backs as potential indicators of the board’s perspective on the company’s net tangible asset value relative to its market price.
Key Points
- Company: Clime Capital Limited (ASX:CAM)
- Repurchased 79,000 ordinary fully paid shares on 1 July 2026 at $0.675 per share, totaling $53,591.63
- Total shares bought back now 2,933,808, approximately 2.05% of 143,412,280 shares outstanding
- Maximum buy-back cap set at 14,341,228 shares; 11,407,420 shares remain available
- Program started 10 March 2026, authorised until 9 March 2027, executed via broker Sanlam Private Wealth Pty Limited
- Highest price paid so far: $0.715 on 8 April 2026; lowest: $0.6794 on 26 June 2026
- Investors should observe if buy-back activity intensifies should the share price hover near or below the late June 2026 low
Overview of Clime Capital’s On-Market Buy-Back Program and Authorised Limits
Clime Capital’s on-market buy-back program was formally announced on 5 March 2026, with trading commencing 10 March 2026. The program involves purchasing shares directly on the Australian Securities Exchange through regular trading, without requiring shareholder approval, consistent with ASX Listing Rules applicable to buy-backs of this magnitude.
The total ordinary fully paid shares on issue number 143,412,280. The company has capped the buy-back at 14,341,228 shares, representing exactly 10% of shares outstanding, in line with the Corporations Act 2001 threshold for on-market buy-backs without shareholder consent. The program is authorised to run until 9 March 2027, providing roughly eight months for additional repurchases if deemed appropriate by the board.
Buy-Back Activity on 1 July 2026: 79,000 Shares Acquired at $0.675 Each
On 1 July 2026, Clime Capital repurchased 79,000 ordinary fully paid shares at $0.675 per share, paying a total of $53,591.63. The company did not specify whether this was executed in a single trade or multiple transactions. The purchase price aligns with the lower end of the program’s historical price range since inception.
The notification filed on 2 July 2026 complies with ASX Listing Rule 3.8A, requiring disclosure at least 30 minutes before market open on the business day following any buy-back activity. Sanlam Private Wealth Pty Limited acted as the broker for these transactions, with payments made in Australian dollars.
Cumulative Buy-Back Summary: 2.05% of Shares Repurchased Since March 2026
Including the shares bought on 1 July 2026, Clime Capital has repurchased a total of 2,933,808 ordinary shares since the program began, equating to approximately 2.05% of the 143,412,280 shares outstanding at the program’s start. This represents a notable but not substantial reduction over about four months.
Before 1 July 2026, the cumulative total was 2,854,808 shares. The 79,000 shares acquired on that day increased the total accordingly. With 11,407,420 shares still available under the 14,341,228-share cap, the company has utilised about 20.5% of its authorised buy-back capacity as of 1 July 2026.
Price Range During the Program: High of $0.715 in April, Low of $0.6794 in June
Price data shows the highest price paid during the program was $0.715 on 8 April 2026, while the lowest was $0.6794 on 26 June 2026, shortly before the 1 July purchase. This indicates a slight decline in share price in late June.
On 1 July 2026, all shares were repurchased at $0.675, the single price point for that day. The maximum allowable price under ASX Listing Rule 7.33 was $0.7144, so the actual purchase price was well within regulatory limits. Rule 7.33 restricts on-market buy-back prices to no more than 5% above the average market price over the previous five trading days to prevent price manipulation.
Implications of Pricing Trends for Clime Capital’s Valuation Strategy
Listed investment companies like Clime Capital often conduct buy-backs when shares trade below net tangible asset (NTA) value per share, aiming to enhance NTA per share by cancelling shares repurchased at a discount. The announcement does not disclose Clime Capital’s current NTA, so it is unclear if the $0.675 purchase price was below NTA.
Nonetheless, the company’s consistent buy-back activity since March 2026, including purchases near the program’s low price in late June, may indicate the board considers current share prices to represent reasonable value relative to underlying assets. This interpretation is not confirmed by company statements, as no explicit commentary on NTA or valuation rationale was provided in the notification.
Sanlam Private Wealth’s Role as Broker in Executing the Buy-Back
Sanlam Private Wealth Pty Limited is the designated broker handling the on-market buy-back for Clime Capital. Employing a single broker is standard in Australian buy-back programs to ensure compliance and orderly execution aligned with company parameters and ASX rules.
Sanlam Private Wealth, a boutique wealth management firm with institutional broking capabilities in Australia, manages relatively modest daily volumes typical for smaller listed investment companies conducting measured capital management. The 79,000 shares repurchased on 1 July 2026 represent a small parcel consistent with this approach. The terms of the arrangement with Sanlam Private Wealth were not disclosed.
Remaining Capacity and Timeline Until Program Expiry in March 2027
With 11,407,420 shares left under the authorised cap and the program set to expire on 9 March 2027, Clime Capital has about eight months to complete further buy-backs. Maintaining the 1 July 2026 daily volume of 79,000 shares would require approximately 144 trading sessions to exhaust the remaining capacity, which fits within the roughly 170 trading days left in the program.
This suggests the company may either increase buy-back frequency to reach the maximum or continue at a measured pace and potentially conclude the program before utilising the full 14,341,228-share limit. No minimum buy-back target has been stated. Investors should monitor daily disclosures for signs of acceleration or deceleration in repurchase activity.
Regulatory Framework: ASX Listing Rule 3.8A and Disclosure Requirements
Clime Capital’s daily buy-back notifications comply with ASX Listing Rule 3.8A, mandating disclosure at least 30 minutes before market open on the business day following any repurchase. This promotes transparency and market integrity by informing investors promptly about buy-back activity.
The standardised Appendix 3C form captures cumulative and daily totals, pricing, broker details, and remaining program capacity, enabling consistent reporting across entities. The framework is governed by ASX Listing Rules, the Corporations Act 2001, and ASIC guidance on share buy-backs. Clime Capital’s filings to date comply with these requirements.
Investor Perspective on Clime Capital’s Ongoing Capital Management
For shareholders, the buy-back program represents a tangible capital management tool in the absence of special dividends or other distributions. Buy-backs below NTA are generally accretive on a per-share basis, though the benefit depends on the discount magnitude and total shares retired.
The immediate share price impact of the 1 July 2026 buy-back is unclear from public data. Investors may watch for continued or increased buy-back activity through the remainder of 2026, especially if market conditions provide further pricing opportunities. Upcoming NTA disclosures, typically monthly for listed investment companies, may offer additional insight into the accretion effect of recent buy-backs. Shareholders and prospective investors should consult Clime Capital’s latest NTA and portfolio reports for a comprehensive financial overview.
