[ad_1]
Corporate Travel Management Limited (ASX:CTD) announces a share repurchase program. Under the program, the company will repurchase up to 6,000,000 shares, representing 4.1% its issued share capital for AUD 100 million. In accordance with ASX Listing Rules, prices paid for shares purchased under the buy-back will be no more than 5% above the volume weight average price of CTM shares over the five trading days prior to the purchase.
The purpose of the program is for capital management. Shares repurchased will be cancelled. The program will be valid till November 13, 2024.
As of October 25, 2023, the company had 146,325,746 shares issued.
[ad_2]
Source link