Boom Logistics Ltd (AU:BOL) has released an update.
Boom Logistics Ltd has announced the extension of its share buy-back program, aiming to reacquire up to 10% of its issued shares to enhance shareholder value. The buy-back aligns with Boom’s strategy to return 40-60% of its operating net profit after tax to shareholders annually and is scheduled to start on 16 October 2024 without shareholder approval. CEO Ben Pieyre highlights the move as part of Boom’s commitment to both increasing shareholder value and supporting the company’s growth strategies.
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