Seven West Media approves on-market buyback of up to 10% of shares on issue

August 16, 2022 9:12

Shareholders are advised that the Board of Seven West Media (ASX: SWM) has approved an on-market buyback of up to 10% of shares on issue. The on-market share buyback program will be conducted on an opportunistic basis over the coming 12 months.

Should SWM fully complete the proposed share buyback, leverage is forecast to remain within the group’s target leverage range of between 1 time to 1.5 times. The buyback will be funded out of existing debt facilities.

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Emma Shepherd

Emma Shepherd was the acting deputy editor at Mumbrella who has over seven years of print and digital experience in the industry and has previously worked as a reporter for media outlets Bauer Media (now Are Media), Yahoo Australia, and a content strategist and writer for various independent marketing agencies.

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