Share buyback - Financial definition
Concise definition of the term share buyback
The purchase by a listed company of its own shares either in the open market or by tender offers.
Comprehensive definition of the term share buyback
Companies can purchase their share for several reasons. These include:
- A desire to increase the share price;
- The rationalisation of the capital structure;
- The substitution of tax-favoured interest payments for dividend payouts;
- The prevention of the dilution of earnings.