August 31, 2021
In accordance with its buy-back policy for its ordinary shares RAMcap has today completed the buy back of 1,678,614 ORD shares at a buy-back price of 38.53 cents. The buy-back price represents a 5% discount from the NTA (post tax) as at 31 July.
This is the second such limit based, equal access buy-back completed by RAMcap in FY 2021.
The $646K transaction reduces paid in-capital on the ORD stock by $253K and represents a capital return on this paid-in capital of 155%.