Sequoia Financial Group Limited (ASX: SEQ) (Company or Sequoia) pleased to announce that the Directors have determined that the Company will conduct an on-market buy-back of up to a maximum of 11,919,489 fully paid ordinary shares (Shares).
The Directors are of the view that an on-market buy-back program is the best use of funds, given the current share price. However, the Company may vary, suspend or terminate the on-market buy-back based on its prevailing view of market conditions, Sequoia’s capital management requirements and other factors which may affect shareholder interests.
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