Aurizon Holdings Limited
(ASX:AZJ) announced an extension of its existing on-market buy back of up to 107 million shares for a further 12 months.
To date 38.1 million shares have been purchased and cancelled under the program, representing 36 per cent of the total buy back capacity at an average price of $4.82.
Aurizon says it will look to buy-back up to 68.9 million shares over the next 12 months, representing the remainder of the 107 million shares.
The company also says the ongoing buy back reflects Aurizon’s commitment to return capital to shareholders.
Aurizon reported a net profit of $604 million at 30 June 2015.
