Macmahon plans buyback as Fogarty tips in

MACMAHON Holdings has announced plans to buy back up to 10% of its shares over the next 12 months, with the decision coming a day after contracting entrepreneur Brett Fogarty emerged as a substantial holder.

Macmahon plans buyback as Fogarty tips in Macmahon plans buyback as Fogarty tips in Macmahon plans buyback as Fogarty tips in Macmahon plans buyback as Fogarty tips in Macmahon plans buyback as Fogarty tips in

Macmahon said the buyback came at a time when its shares were trading at a “significant discount” to the net asset backing.

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