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Why Is Kip McGrath Buying Back 10% of Its Shares in FY26?
11:25pm on Friday 29th of August, 2025 AEST
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Why Is Kip McGrath Buying Back 10% of Its Shares in FY26?
11:25pm on Friday 29th of August, 2025 AEST
Key Points
On-market buy-back of up to 5.69 million shares (10% of issued shares)
Buy-back to commence around 9 September 2025, lasting one year
Maximum buy-back price capped at 5% above recent volume weighted average price
Strong cash balance of $4.9 million and no debt underpin the program
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Kip McGrath Education Centres (ASX:KME)
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