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  • Pulse Health Group Initiates Share Buyback  0 comments
    Apr 2, 2013 1:33 AM

    Pulse Health Group (ASX: PHG) plans to undertake a share buyback of up to 20.4 million shares under its Long Term Incentive Scheme.

    Under the scheme, each employee shareholder can choose to have their plan shares bought-back by the company.

    Pulse Health has determined that the share value will be calculated based on the volume weighted average price for the 45 trading days ending on, and including, Friday 5 April 2013.

    With the acquisition of the Eden Rehabilitation Hospital, revenue from continuing operations grew to $24 million for the first half of the 2013 financial year, a $4.7 million or more than 24% increase over the same period in the previous financial year.

    As at 31 December 2012, Pulse Health had a total cash balance of $1.8 million plus an unused overdraft facility of $0.8 million.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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