Nido Education (ASX:NDO) launched an on-market share buyback of nearly 22.6 million shares valued at up to AU$5 million, according to a Thursday filing with the Australian bourse.
The program will begin around the second week of March and last for up to 12 months.
MA Moelis Australia Securities will handle the program on behalf of the company.
The buyback comes as the board considers that Nido's current share price "does not accurately reflect the underlying value of the company's assets, and the significant upside potential value created through Nido's growth prospects," per the filing.
The company, which offers childhood education and care services, was trading over 2% higher in recent Friday trade.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。