Pacific Current Group (ASX:PAC) Extends Share Buy-Back Deadline, Providing More Flexibility to Investors

2 min read | March 06, 2025 05:45 PM PST | By Team Kalkine Media

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Pacific Current Group (ASX:PAC) Extends Share Buy-Back Deadline, Providing More Flexibility to Investors — Image source: shutterstock

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Highlights

Pacific Current Group (PAC) extends its share buy-back deadline to 21 March 2025.

Over 51% of the maximum 25 million shares have already been tendered.

Interim dividend payment date moved up to 14 March 2025.

Pacific Current Group (ASX:PAC) has announced an extension for its off-market equal access share buy-back, allowing shareholders additional time to participate. The revised deadline is now set for 21 March 2025, granting more flexibility for investors who may still be considering their participation.

As of 6 March 2025, the company has received applications covering approximately 51.16% of the total 25 million shares available under the program. This strong response reflects shareholder engagement with the initiative and provides further opportunities for those who have yet to act.

Dividend Payment Update

Alongside the buy-back extension, the company has also adjusted the payment date for its interim dividend. The new payment date has been set for 14 March 2025, ensuring eligible shareholders receive their dividends ahead of the revised schedule. Other key dates associated with the buy-back process have also been updated to reflect these changes.

What This Means for Shareholders

The extension offers more time for shareholders to review their options and make informed decisions. Given the significant participation rate so far, the program has already attracted considerable interest. Moving the interim dividend payment date earlier also ensures that eligible shareholders benefit sooner.

By adjusting these timelines, Pacific Current Group (PAC) aims to enhance shareholder engagement while maintaining transparency throughout the process. Investors now have additional flexibility to plan their portfolios accordingly, with the updated deadlines serving as key reference points.

This development marks a continuation of the company’s broader capital management strategy, reflecting its ongoing focus on delivering value to shareholders.

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