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Superloop to Buy Back Up to 4.5 Million Shares for Employee Performance Rights Plan

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Superloop (ASX:SLC) said Pacific Custodians, as trustee of the Superloop Employee Share Plan Trust, is set to acquire a maximum of 4.5 million fully paid ordinary shares on-market to satisfy performance rights vesting after June 30, according to a Tuesday Australian bourse filing.

The trust will begin acquiring shares three business days from the date of the notice, at a price not more than 5% above the volume-weighted average share price, the filing added.

The company's shares rose 1% in recent Tuesday trade.

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