Asset Resolution Limited commences an Equity Buyback Plan for 1,612,548 shares, representing 40% of its issued share capital, Under the authorization granted on October 18, 2017.

Asset Resolution Limited (NSX:ASS) commences share repurchases on March 20, 2018 under the program mandated by the shareholders in the Annual General Meeting held on October 18, 2017. As per the mandate, the company is authorized to repurchase up to 1,612,548 shares, representing 40% of its shares in issue at a price of AUD 2.88 per share. The purpose of this offer is to provide the liquidity to the shareholder. The repurchased shares will be cancelled. The company will repurchase its shares through an off-market buyback offer in the ordinary course of trading in the company’s shares. The repurchases will be funded from the company’s existing cash reserves. If more than 1,612,548 shares are tendered then the company will scale back all the buy back application on pro rata basis. The company has fixed the record date as March 28, 2018 for the purpose of this offer. The share repurchase program is valid till April 20, 2018.