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Update - Notification of buy-back - ZGL
October 29, 2021 at 05:48 am
Notification of buy-back
Announcement Summary
Name of entity
ZICOM GROUP LIMITED
Announcement type
Update announcement
Type of update
Daily buy-back notification
Date of this announcement
29/10/2021
Reason for update
Daily buy-back notification
ASX Security code and description of the class of +securities the subject of the buy-back
ZGL : ORDINARY FULLY PAID
The type of buy-back is:
On market buy-back
Total number of +securities bought back before previous day
1,342,986
Total number of +securities bought back on previous day
300,000
Refer to next page for full details of the announcement
Notification of buy-back
1 / 6
Notification of buy-back
Part 1 - Entity and announcement details
1.1 Name of entity
ZICOM GROUP LIMITED
We (the entity named above) provide the following information about our buy-back.
1.2
Registration number type
Registration number
ABN
62009816871
1.3
ASX issuer code
ZGL
1.4 The announcement is
Update/amendment to previous announcement
1.4a Type of update
Daily buy-back notification
1.4b Reason for update
Daily buy-back notification
1.4c Date of initial notification of buy-back
2/8/2021
1.4d Date of previous announcement to this update
14/10/2021
1.5 Date of this announcement
29/10/2021
1.6 ASX Security code and description of the class of +securities the subject of the buy-back
ZGL : ORDINARY FULLY PAID
Notification of buy-back
2 / 6
Notification of buy-back
Part 2 - Type of buy-back
2.1 The type of buy-back is: On market buy-back
For personal use only
Notification of buy-back
3 / 6
Notification of buy-back
Part 3 - Buy-back details
only
Part 3A - Details of +securities, price and reason
3A.1 Total number of +securities on issue in the class of
+securities to be bought back
217,140,780
use
3A.4 Does the entity intend to buy back a minimum
number of +securities
No
3A.5 Does the entity intend to buy back a maximum
number of securities
Yes
3A.5a Maximum number of securities proposed to be
personal
bought back
21,714,078
3A.6 Name of broker or brokers who will offer to buy back +securities on the entity's behalf
Broker name:
Morgans Financial Limited
3A.9 Are the +securities being bought back for a cash consideration?
Yes
3A.9a Is the price to be paid for +securities bought back known?
No
3A.9a.1 In what currency will the buy-back consideration
be paid?
For
AUD - Australian Dollar
Part 3B - Buy-back restrictions and conditions
3B.1 Does the buy-back require security holder approval?
Notification of buy-back
4 / 6
Notification of buy-back
No
only
Part 3C - Key dates
On-marketbuy-back
3C.2 Proposed buy-back start date
use
1/9/2021
3C.3 Proposed buy-back end date
personalFor
31/8/2022
Part 3D - Other Information
3D.1 Any other information the entity wishes to notify to ASX about the buy-back
The Board of Directors regards the current market price as not reflective of the intrinsic worth of the Company and
considers that it is in the best interest of the shareholders to put in place an on-marketbuy-back facility (within 10/12 limit )
as part of Company's capital management.
Notification of buy-back
5 / 6
This is an excerpt of the original content. To continue reading it, access the original document here .
Disclaimer
Zicom Group Limited published this content on 29 October 2021 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 29 October 2021 04:47:02 UTC .
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Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
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Zicom Group Limited is a specialist equipment manufacturer and engineering service provider. Its principal activities comprise the design and supply of Liquefied Natural Gas (LNG) propulsion systems, deck machinery, gas metering stations, gas processing plants and compressor stations, manufacturing of foundation equipment and concrete mixers, rental of foundation equipment, supply of precision and automation equipment and services and computer chip packaging machines. The Companyâs segments include Green Energy, Gas & Marine Equipment, which designs and supplies LNG propulsion systems, deck machinery, gas metering stations, compressor stations, gas processing plants and related equipment, parts and services; Construction Equipment, which manufactures and supplies concrete mixers and foundation equipment, including equipment rental, parts and related services, and Precision Engineering & Technologies segment, which manufactures and supplies of precision and automation equipment.
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