CVC Limited (ASX:CVC) has lodged a final buy-back notification with the ASX disclosing an on-market buy-back of ordinary fully paid shares, with a maximum of 20,000,000 securities proposed to be repurchased from a total of 116,636,306 shares on issue.

Key Points

  • CVC Limited has filed a final buy-back notification (Appendix 3C) for an on-market buy-back of ordinary fully paid shares.
  • The maximum number of securities proposed to be bought back is 20,000,000, out of a total of 116,636,306 shares on issue.
  • The company does not intend to buy back a minimum number of securities.
  • Bridges Financial Services Pty Limited has been named as the broker to conduct the buy-back on the company's behalf.
  • The buy-back consideration will be paid in Australian dollars, with the specific price per security not yet determined at the time of lodgement.

On-Market Buy-Back Structure and Security Class

According to the filing, the buy-back covers ordinary fully paid shares under ASX security code CVC. The notification is classified as a final buy-back notification under ASX Listing Rule 3.8A. The buy-back is structured as an on-market buy-back, as opposed to an employee share scheme buy-back, equal access scheme buy-back, selective buy-back, or other buy-back type. The company disclosed that the total number of ordinary fully paid shares currently on issue is 116,636,306, and the proposed maximum number of securities to be repurchased under the program is 20,000,000.

Broker Appointment and Consideration Details

The filing states that Bridges Financial Services Pty Limited has been appointed as the broker to offer to buy back securities on behalf of CVC Limited. The buy-back consideration is to be paid in cash in Australian dollars. At the time of lodgement, the specific price per security to be paid under the buy-back was not known. The filing confirms that the company does not intend to buy back a minimum number of securities but has set a maximum of 20,000,000 shares as the upper limit for the program.

Filing Classification as Final Buy-Back Notification

The Appendix 3C lodged by CVC Limited is designated as a final buy-back notification, as indicated in Part 1 of the filing. The notification date recorded in the filing is 13 November 2026. The filing does not constitute a new announcement, an update or amendment to a previous announcement, a cancellation of a previous announcement, or a daily buy-back notification. No reason for an update or cancellation was required, as the notification is classified as a final buy-back notification under the applicable ASX listing rules.