Premier Investments Plans Up to $100M Share Buy-Back Over 12 Months

Premier Investments Initiates Capital Management Move

Premier Investments Limited (ASX, PMV), a prominent player in the Australian retail sector, has formally announced an on-market share buy-back program with a maximum value of $100 million AUD. This strategic move, disclosed on December 5, 2025, signals the company’s intent to actively manage its capital structure and potentially enhance shareholder value.

Details and Scope of the Buy-Back

The buy-back will target Premier’s ordinary fully paid shares, with the program scheduled to commence on December 24, 2025, and conclude on December 23, 2026. Notably, the company has not set a minimum or maximum number of shares to be repurchased, providing flexibility to adjust the scale of the buy-back based on market conditions and internal considerations.

Premier has appointed Third Party Platform Pty Ltd and Finclear Services Pty Ltd as brokers to facilitate the transactions. The buy-back price will be determined on-market and paid in Australian dollars, though the exact price range remains undisclosed at this stage.

Implications for Shareholders and Market

Importantly, shareholder approval is not required for this buy-back, indicating that the company is leveraging existing authorities to execute the program efficiently. The announcement leaves open the possibility that Premier may purchase fewer shares than the $100 million cap or potentially none at all, underscoring a cautious and opportunistic approach.

From a market perspective, such buy-backs often aim to support the share price by reducing the number of shares on issue, which can improve earnings per share metrics and signal confidence from management. However, the absence of a fixed price or volume target introduces some uncertainty about the program’s ultimate impact.

Looking Ahead

As the buy-back period unfolds, investors will be watching closely for execution details, including the pace and pricing of share repurchases. The move aligns with broader trends among ASX-listed retailers seeking to optimise capital allocation amid evolving market conditions.