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Showing 21 - 30 of 176 results for "Buyback"

LIC restructures to ETMF

ELIZABETH MCARTHUR  |  THURSDAY, 10 JUN 2021
In a very rare move, a listed investment company has restructured to become an exchange traded managed fund - listing on the ASX today. The Monash Absolute Investment Company (MA1) has been restructured to become the Monash Absolute Active Trust (MAAT ...

Macquarie Securities slapped with $126k fine

KARREN VERGARA  |  TUESDAY, 18 MAY 2021
... Markets Disciplinary Panel (MDP) found that MSA failed to follow a client's instruction with respect to an on-market buyback on the "dark market". In February 2019, the unnamed ASX-listed company tapped MSA to act on its behalf as its broker for ...

Pahari to leave AMP amid demerger

JAMIE WILLIAMSON  |  FRIDAY, 23 APR 2021
... existing holdings in AMP Limited, the company said, after taking into account any shares to be retained by AMP. The share buyback of up to $200 million will restart now that the portfolio review has completed, AMP said. The demerger is subject to various ...

HUB24 finds new role for Paragem lead

ELIZA BAVIN  |  MONDAY, 21 DEC 2020
... approximately $14.05 million worth of Easton shares by HUB24, with Easton then undertaking an equal access, off-market buyback. This would have resulted in HUB24 taking a 40% ownership of Easton dependent on shareholder acceptance. Under the revised ...

Franking credits more important than ever

ELIZA BAVIN  |  TUESDAY, 24 NOV 2020
Many retirees are missing out on additional income because their Australian equity portfolios do not take advantage of the taxation system, according to Plato Investment Management. Plato portfolio manager Peter Gardner said, with interest rates at ...

HUB24 to acquire Xplore, offloads Paragem

ELIZA BAVIN  |  WEDNESDAY, 28 OCT 2020
... Easton for $14 million cash and the divestment of Paragem to Easton for $4 million of new Easton shares. Following a share buyback, HUB24 will own 40% of Easton. Easton said it has been conducting a strategic review for the last 12 months to identify ...

Bumpy quarter for AMP

KARREN VERGARA  |  THURSDAY, 22 OCT 2020
... quarter, is progressing in parallel and being managed without delay to our transformation," he said. An on-market share buyback remains on hold during the portfolio review.

Benchmark-lagging LIC faces strategic review

ALLY SELBY  |  TUESDAY, 6 OCT 2020
... expense ratio from 1.28% to 1.02%, a shift in the board's approach to dividends, the continuation of an on-market share buyback program, and a renewal of the investment management agreement with Franklin Templeton Investments Australia - which resulted ...

AMP deed of release bars advisers joining class action

ELIZABETH MCARTHUR  |  MONDAY, 7 SEP 2020
... it's ideal," Macdonald said. He added that AMP has told The Advisers Association that it has a new agreement called the Buyback and Cooperation Agreement, which Macdonald described as more restrictive. "The problem with a lot of these agreements ...

Evans & Partners explore open-ended funds

ELIZA BAVIN  |  TUESDAY, 25 AUG 2020
Evans and Partners have announced a potential change to open-ended funds for its Global Disruption Fund and its Global Flagship Fund. Walsh & Company Investments, as responsible entity for both funds, said it is exploring changing both funds from a ...