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Downer EDI Limited ( (AU:DOW) ) has issued an update.
Downer EDI Limited has provided an updated notification to the ASX on its ongoing on-market share buy-back program for its ordinary fully paid shares, with Macquarie Securities (Australia) Limited acting as broker. The company has bought back 10,760,656 shares prior to the previous trading day and a further 175,091 shares on 15 May 2026, paying a total of about A$82.2 million to date under the program.
The buy-back, which commenced on 16 September 2025 and is scheduled to run until 30 June 2026, allows for a maximum of 33,578,684 shares to be repurchased, leaving 22,642,937 shares still available under the mandate. By reducing the number of shares on issue, the initiative supports capital management objectives and may enhance earnings per share and shareholder value, while signaling management’s confidence in the company’s outlook and balance sheet strength.
More about Downer EDI Limited
Downer EDI Limited is an Australian-listed company operating primarily in infrastructure, engineering and services, with its ordinary fully paid shares trading on the ASX under the code DOW. The group focuses on providing asset management, construction and related services across sectors such as transport, utilities and resources, positioning it as a key contractor in large-scale public and private projects.
For detailed information about DOW stock, go to TipRanks’ Stock Analysis page.