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Downer EDI Limited ( (AU:DOW) ) just unveiled an update.
Downer EDI Limited has provided an update on its on-market share buyback program for its ordinary fully paid shares, confirming that as of 14 May 2026 it has repurchased a total of 10,640,277 shares since the program began on 16 September 2025. The company bought back 120,379 shares on the previous trading day alone, bringing total cash consideration to about A$81.3 million and leaving capacity to repurchase up to 22,818,028 additional shares out of the 33,578,684 originally targeted under the program.
The buyback, which is scheduled to run until 30 June 2026 and is being executed through broker Macquarie Securities (Australia) Limited, represents a material capital management initiative relative to the company’s 671,573,679 shares on issue. By reducing the share count over time, the program has the potential to enhance earnings per share and signal management’s confidence in Downer’s valuation, with pricing so far ranging between A$7.18 and A$8.49 per share under the mandated ASX limits.
More about Downer EDI Limited
Downer EDI Limited is an Australian-listed company operating across infrastructure and industrial services, with its ordinary fully paid shares traded on the ASX under the code DOW. The group typically focuses on long-term service contracts in sectors such as transport, utilities and facilities, providing integrated engineering, maintenance and asset management solutions.
For an in-depth examination of DOW stock, go to TipRanks’ Overview page.