As share buy-backs hit record levels, listed issuers should understand their options when pursuing share buy-backs and the related legal and regulatory implications.

Background -

Share buy-backs are a popular way for listed companies and management to provide reassurance and confidence to investors of their long-term vision and commitment in the listed company, particularly when they believe share prices are undervalued. The repurchased shares will be cancelled, which also help improve the listed company’s financial ratios.