MAAS Group Holdings (ASX:MGH) said that its board approved a further on-market buyback of up to 10% of its issued ordinary share capital over 12 months, according to a Monday Australian bourse filing.
The buyback is proposed to start on Feb. 18, the filing said.
Its previous buyback program was completed on Jan. 3.
The timing and size of the buyback will depend on market conditions, the firm's prevailing share price, and its capital position over the next 12 months.