Kip McGrath Education Centres (ASX:KME) Announces FY26 Share Buy-Back
Share Buy-Back Program
Kip McGrath Education Centres Limited (ASX: KME) has announced its intention to execute an on-market share buy-back of up to 5,690,718 shares, representing 10% of its Ordinary Shares on issue.
Buy-Back Execution
The buy-back will comply with the “10/12” limit under the Corporations Act 2001 (Cth) and does not require shareholder approval. It is scheduled to start around 9 September 2025 and will run for one year. Purchases will be made at no more than 5% above the volume-weighted average price of KME’s shares over the five trading days prior to the purchase. The number of shares bought back will depend on share price, market conditions, available cash, and other considerations.
Executive Comments
Damian Banks, Kip McGrath Executive Chair, said, “The share buy-back demonstrates Kip McGrath’s commitment to increasing value for our shareholders while maintaining sufficient funds to execute upon our capital spending program and growth strategies. With a cash balance* of $4.9m as at 30 June 2025, no debt and strong cashflow expected in FY26 on the back of improved profitability, this buy-back is intended to deliver higher earnings per share to shareholders.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Kip McGrath Education Centres. The Motley Fool Australia has recommended Kip McGrath Education Centres. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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