Prospective Buyback of Securities On-Market
6 September 2024
BY EMAIL: announce@nzx.com
NZX Limited
WELLINGTON
Enprise Group Limited (ENS) – Prospective Buyback of Securities On-Market
ENS advises that it proposes to acquire up to a maximum of 1,003,402 ordinary fully paid shares in
the Company (being 5% of the shares on issue) on-market at any time during the period
commencing three Business Days after the date of this market releases and ending 12 calendar
months after the date of this market release.
The Board of the Company has resolved that the potential on-market acquisition of the shares is an
appropriate course of action to take for the following reasons:
• The company considers the proposed purchase price is below what the board considers to
be the fair market value of those shares;
• The company has no plans for or need to retain the funds it proposes to deploy towards
purchasing the ENS shares as part of the buyback. Acquiring the shares allows the company
to maintain an appropriate debt to equity ratio.
For further information please contact:
Elliot Cooper
Finance Director – Enprise Group Limited
Phone: 09 829 5500
Email: elliotC@enprisegroup.com
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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