21 November 2019
Sydney: Tambla Limited (ASX: TBL) (Company), the leading workforce management solutions company, wishes to advise shareholders and the market that it intends to undertake a buy-back of ordinary shares from eligible holders of less than marketable parcels of shares in the Company (Buy-Back).
The Buy-Back will allow shareholders who hold 1,000 or less shares in the Company (Relevant Unmarketable Parcel) as at 7.00 pm (AEDT) on 20 November 2019 (Eligible Shareholders) to sell their shares back to the Company at the Buy-Back price of $0.44 per share (being the average of the last sale prices of Tambla Limited ordinary shares for each of the 10 trading days immediately preceding 20 November 2019). These shares will be cancelled once transferred to the Company.
In accordance with the Corporations Act 2001 (Cth), the Company does not require shareholder approval for the Buy-Back of these shares, however, Eligible Shareholders are able to opt out of the Buy-Back. Based on the Buy-Back price per share and the register of members of the Company as at 7.00 pm (AEDT) on 20 November 2019