Challenger (ASX:CGF) plans to neutralize the impact of shares allocated under the dividend reinvestment plan in relation to the fiscal first-half interim dividend, according to a Friday Australian bourse filing.
Challenger expects to buy up to AU$2 million worth of shares on-market to satisfy its obligations under the plan and the pricing period began on Friday and will finish on March 13.
UBS Securities Australia was appointed to execute the share purchase.
If the market purchase is not completed for any reason, then the firm will issue new shares to meet its obligations.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。