PROPERTY investment and funds manager Cromwell Group is extending its on-market buy-back for a further 12 months as part of its capital management program.
During the extended period up to a maximum of 63 million stapled securities will be bought back, which is less than 10% of issued capital.
CEO Paul Weightman believes the recent volatility in financial markets and global economies may continue in 2010.
He added that the group wants to ensure it has as much flexibility with regard capital management as possible.
Trading in stapled securities will continue as usual on ASX before, during and after the buy-back.
Australian Property Journal
