Worley (ASX:WOR) is set to open an on-market share buyback of up to AU$500 million in March, subject to market conditions, according to a Wednesday filing with the Australian bourse.
The timing and value of shares purchased will depend on market conditions, share price, and other factors, the filing said.
UBS and Barrenjoey were the advisers to the buyback program.
Shares rose nearly 10% in midday trade Wednesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.