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Cardno Announces Buy-back

14 Feb 2020  |  15:29:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Announcement of buy-back - Appendix 3C

Cardno announced on-market buyback stating that the maximum number of shares proposed to be bought back, at any time, under the New Buy-Back over a 12-month period will not exceed a limit of 10% of the smallest number, at any time during the preceding 12 months, of votes attaching to voting shares of the company (and as reduced by the number of shares which have been bought back by the company in that preceding 12 months for the relevant rolling 12-month period). The Company reserves the right to suspend or terminate the buy-back at any time. The buyback is being conducted to acquire shares that are trading at a value below what the Board believes to be the intrinsic value of the shares.

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