Thorney Technologies Ltd (ASX:TEK) has lodged a final buy-back notification confirming the completion of its on-market share buy-back program, disclosing that 27,590,632 ordinary fully paid shares were repurchased for total consideration of AUD 2,936,881.49, according to an Appendix 3C filing dated 13 November 2026.

Key Points

  • 27,590,632 ordinary fully paid TEK shares were bought back under the on-market program
  • Total consideration paid or payable for the securities was AUD 2,936,881.49
  • The highest price paid was AUD 0.135 per share on 5 February 2026; the lowest was AUD 0.09 per share on 30 June 2026
  • The buy-back program ran from 14 November 2025 to 13 November 2026, with UBS Securities Australia Limited acting as broker
  • All shares purchased are to be cancelled in accordance with the Corporations Act

Final Buy-Back Program Details

The on-market buy-back program, initially notified on 2 November 2025, was conducted by UBS Securities Australia Limited on behalf of Thorney Technologies. The program had a proposed start date of 14 November 2025 and a proposed end date of 13 November 2026. The maximum number of securities proposed to be bought back under the program was 31,045,455. The total number of ordinary fully paid TEK securities on issue in the relevant class at the time of filing was 377,833,019. The buy-back did not require security holder approval.

Price Range Across the Buy-Back Period

According to the final notification, the highest price paid for securities during the buy-back program was AUD 0.135 per share, recorded on 5 February 2026. The lowest price paid was AUD 0.09 per share, recorded on 30 June 2026. The total cash consideration paid or payable across all repurchases was AUD 2,936,881.49, with the buy-back conducted entirely in Australian dollars as a cash consideration.

Share Cancellation and Program Conditions

The filing states that all shares purchased under the buy-back will be cancelled in accordance with the Corporations Act. Thorney Technologies disclosed in the program's other information that the timing and actual number of shares purchased were dependent on the company's share price and market conditions over the buy-back period. The company also reserved the right to vary, suspend or terminate the buy-back at any time. The final notification was submitted following the completion of the program, as required under Appendix 3C reporting obligations.