Ironbark to Buy Back Up to 10.46 Million Shares Over 12 Months

Ironbark Capital Launches New Buy-Back Program

Ironbark Capital Limited (ASX – IBC) has announced a fresh on-market buy-back initiative targeting up to 10.46 million of its ordinary fully paid shares. The buy-back is set to begin on July 21, 2025, immediately following the expiration of the previous 12-month buy-back period, and will run until July 17, 2026.

Strategic Capital Management Without Shareholder Approval

This buy-back does not require shareholder approval, reflecting the company’s confidence in managing its capital structure proactively. With over 104 million shares currently on issue, the maximum buy-back represents roughly 10% of the total shares outstanding, a significant but measured reduction in share capital.

The company has not set a minimum number of shares to be repurchased, providing flexibility to adjust the buy-back pace according to market conditions. The buy-back consideration will be paid in Australian dollars, though the exact price per share remains undisclosed at this stage.

Broker Appointment and Operational Details

CMC Markets Stockbroking Limited has been appointed as the broker to facilitate the buy-back on Ironbark’s behalf. The company retains the right to suspend or terminate the buy-back at any time, allowing it to respond swiftly to changing market dynamics or internal strategic priorities.

Implications for Investors and Market

Share buy-backs often signal management’s belief that the company’s shares are undervalued, aiming to enhance shareholder value by reducing the number of shares on issue. For investors, this program could provide support to the share price over the coming year, though the absence of a fixed buy-back price introduces some uncertainty.

As Ironbark embarks on this capital management strategy, market participants will be watching closely for pricing details and the pace of buy-back execution, which will offer further insight into the company’s financial health and outlook.