ASX Security code and description of the class of +securities the subject of the buy-back
MEA : ORDINARY FULLY PAID
The type of buy-back is:
On market buy-back
Total number of +securities bought back before previous day
3,494,747
Total number of +securities bought back on previous day
2,311
Refer to next page for full details of the announcement
Notification of buy-back
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Notification of buy-back
Part 1 - Entity and announcement details
For personal use only
1.1 Name of entity
MCGRATH LIMITED
We (the entity named above) provide the following information about our buy-back.
1.2
Registration number type
Registration number
ABN
61608153779
1.3
ASX issuer code
MEA
1.4 The announcement is
Update/amendment to previous announcement
1.4a Type of update
Daily buy-back notification
1.4b Reason for update
Daily buy-back notification
1.4c Date of initial notification of buy-back
21/2/2022
1.4d Date of previous announcement to this update
31/5/2022
1.5 Date of this announcement
2/6/2022
1.6 ASX Security code and description of the class of +securities the subject of the buy-back
MEA : ORDINARY FULLY PAID
Notification of buy-back
2 / 6
Notification of buy-back
Part 2 - Type of buy-back
2.1 The type of buy-back is: On market buy-back
For personal use only
Notification of buy-back
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Notification of buy-back
Part 3 - Buy-back details
only
Part 3A - Details of +securities, price and reason
3A.1 Total number of +securities on issue in the class of
+securities to be bought back
166,849,935
use
3A.4 Does the entity intend to buy back a minimum
number of +securities
No
3A.5 Does the entity intend to buy back a maximum
number of securities
Yes
3A.5a Maximum number of securities proposed to be
personal
bought back
16,684,993
3A.6 Name of broker or brokers who will offer to buy back +securities on the entity's behalf
Broker name:
Wilsons Stockbroking and Advisory Limited
3A.9 Are the +securities being bought back for a cash consideration?
Yes
3A.9a Is the price to be paid for +securities bought back known?
No
3A.9a.1 In what currency will the buy-back consideration
be paid?
For
AUD - Australian Dollar
Part 3B - Buy-back restrictions and conditions
3B.1 Does the buy-back require security holder approval?
Notification of buy-back
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Notification of buy-back
No
only
Part 3C - Key dates
On-marketbuy-back
3C.2 Proposed buy-back start date
use
28/3/2022
3C.3 Proposed buy-back end date
personalFor
28/3/2023
Part 3D - Other Information
3D.1 Any other information the entity wishes to notify to ASX about the buy-back
Given the high levels of cash reserves, the limited acceptable investment opportunities and the Company's current share
price, the Board have announced an on-market Share Buy-Back program, allocating up to $2.5m for the Buy-Back.
Notification of buy-back
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Mcgrath Ltd. published this content on 01 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 June 2022 23:11:03 UTC.
McGrath Limited is an Australia-based residential real estate company. The Company is engaged in providing residential property sales, property management, residential project marketing, mortgage broking, auction services and career training. The Companyâs segments include Company owned sales, Company owned property management, Franchise services, and Other services and investments. The Company owned sales segment undertakes residential property sales on behalf of property vendors through Company owned offices and agents. The Company owned property management segment directly manages residential properties on behalf of ownerâs clients. The Franchise services segment manages franchise offices that undertake both property sales and property management activities. The Other services and investments segment has several other services and investments, which complement the service offerings of the segments. Its services include projects, new land estates, rural and livestock and home loans.