CAPITAL MARKETS

Portman carries out 16.5m share buy-back

IRON ore play Portman has announced an off-market share buy-back of up to 16.5 million shares, or 9.39% of its outstanding shares, with the size of the buy-back dependent on shareholder demand and prevailing market conditions.

MiningNews.Net
Portman carries out 16.5m share buy-back

In a statement released today, Perth-based Portman said the buy-back was part of its capital management strategy to return surplus cash reserves to its shareholders and is expected to enhance earnings...

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