Dexus announces plans to initiate a new on-market securities buy-back (‘buy-back’) of up to 5% of DXS securities over the next 12 months, as part of its active approach to capital management.
Darren Steinberg, Dexus Chief Executive Officer said: “The buy-back has been reinstated as a result of recent market volatility providing us with the opportunity to enhance investor returns.”
Dexus intends to fund the buy-back from existing debt facilities.
Please refer to the attached Appendix 3C for further information relating to the buy-back.
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