Image Resources announces employee share scheme buy-back

Image Resources NL (ASX:IMA) has announced a new employee share scheme buy-back, scheduled to occur on October 30, 2025. The company plans to buy back 9,626,865 ordinary fully paid shares, representing a portion of the 1,115,782,659 shares currently on issue in this class.

The buy-back will be for a cash consideration, with a known price of A$0.14500000 per security. The shares subject to the buy-back were initially issued under the company's Employee Share Plan (ESP) as part of a grant in 2022. The repayment date for the loans associated with the 2022 grant has been reached.

In accordance with the terms of the ESP, the board has determined that Image Resources NL will buy back and cancel these relevant shares. The proceeds from the buy-back will be applied to offset the outstanding loans. No security holder approval is required for this buy-back, and there are no other conditions that need to be satisfied for the offer to become unconditional.