SelfWealth Ltd. (AU:SWF) has released an update.
SelfWealth Ltd has announced the launch of an on-market share buy-back program, signaling the company’s strong financial health with a robust balance sheet, profitable status, and positive cash flow. The initiative, which allows for the acquisition of up to 10% of its ordinary shares, underscores the management’s confidence in their strategic growth plans and commitment to delivering shareholder value. The buy-back will commence on 01 May 2024 and will be funded by the company’s existing cash reserves, without hindering SelfWealth’s operational and strategic objectives.
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