Regal Partners (ASX:RPL) has greenlit an on-market share buy-back program, signaling strong confidence in its financial trajectory.
The investment management firm will repurchase up to $75 million of its ordinary shares, a move underpinned by a robust balance sheet and steady operating cash flows.
The program is slated to commence on or after Feb. 25, and is expected to remain active for up to 12 months.
According to the board, the initiative is a strategic pillar of its capital management plan, aimed at maximising shareholder returns while maintaining enough liquidity to pursue future growth opportunities.
While the firm intends to see the program through, it noted that the exact timing and volume of purchases will remain flexible, contingent on market conditions and the prevailing share price.
At the time of reporting, Regal Partners' share price was $3.06.