Empired Announces On-Market Share Buy-Back

The Directors of Empired Limited announced its intention to undertake an on-market share buy-back of up to a maximum of 15,269,298 shares (being 10% of the smallest number at any time during the last 12 months of fully paid ordinary shares on issue) over the 12 month period commencing 3 May 2018.

The Company considers an on-market share buy-back to be an effective method of returning capital to shareholders where Empired’s shares are trading at a significant discount to the intrinsic value of the Company. The company expects the buyback to be Earnings per Share positive based on existing circumstances.

The Appendix 3C in relation to the on-market share buy-back is attached to this announcement. Euroz Securities Limited will act as broker in relation to the buy-back


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