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Why Is Underwood Capital Doubling Down on Its 10% Share Buyback?

1:51pm on Monday 6th of October, 2025 AEDT Financial Services
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Why Is Underwood Capital Doubling Down on Its 10% Share Buyback?

1:51pm on Monday 6th of October, 2025 AEDT
Key Points
  • Extension of on-market share buyback for 12 months starting 27 October 2025
  • Buyback capped at approximately 10% of ordinary shares (20.5 million shares)
  • Shares trading at a discount to net asset value motivates buyback
  • Maximum buyback price limited to 105% of five-day VWAP
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