Eildon Capital Fund commences an Equity Buyback Plan for 10,000,000 shares, representing 20.44% of its issued share capital, under the authorization approved on November 21, 2023.

Eildon Capital Fund (ASX:EDC) commences share repurchases on November 28, 2023, under the program mandated by the shareholders in the Annual General Meeting held on November 21, 2023. As per the mandate, the company is authorized to repurchase up to 10,000,000 ordinary stapled securities, representing 20.44% of its issued share capital. The purpose of the buyback is to provide efficient capital structure, enhance shareholder return and maintain liquidity.

The repurchased shares will be cancelled. The program will be funded from the company's cash reserves, including from any future profits derived by the company. The plan will expire within 12 months from the date of the Annual General Meeting.

As of October 19, 2023, the company had 48,917,117 shares in issue.