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An announcement from Solution Dynamics Limited ( (NZ:SDL) ) is now available.
Solution Dynamics Limited has announced a new on-market share buyback of up to $0.5 million commencing on 30 March 2026, following the expiry of its 2025 programme under which 236,868 shares were acquired. The board believes the current share price undervalues the business and its assets, and views continuing repurchases at this level as likely to be positive for shareholder value.
The buyback, conducted under the Companies Act 1993 and NZX Listing Rule 4.14.1(a), may run for up to 12 months or until 724,147 shares, equivalent to 5% of shares on issue, have been acquired. Shares will be bought on-market at prevailing prices, cancelled on acquisition to reduce the shares on issue, and the company may vary, suspend, or terminate the programme while observing blackout periods, with chair John McMahon stating he will not sell into the buyback.
More about Solution Dynamics Limited
Solution Dynamics Limited is a New Zealand-based company listed on the NZX, operating in the broader technology and business services space. The company focuses on providing solutions that leverage its business assets and operations to deliver value to shareholders in its chosen markets.
Average Trading Volume: 9,779
Technical Sentiment Signal: Strong Sell
Current Market Cap: N$8.54M
Find detailed analytics on SDL stock on TipRanks’ Stock Analysis page.