Replies to post #30284 on PHI Group Inc (PHIL)

[Djk0689]

Buyback is open market see info below


1. Purpose of Repurchase: To enhance future shareholder returns.

2. Details of Repurchase:
a. Class of shares to be repurchased:Common Stock of PHI Group, Inc.
b. Total number of repurchasable shares: 5.3 billion shares, or more as may be needed.
c. Total repurchase amount: To be determined by prevalent market prices at times of transaction.
d. Method of repurchase: Open market purchase.
e. Repurchase period: April 15, 2019 to March 13, 2020.

3. Remarks:
a. PHI Group, Inc. will fund the proposed share repurchase program with the proceeds from the disposal of a portion of certain non-core assets and from future earnings of the Company.
b. The share repurchase program will be in full compliance with state and federal laws and certain covenants with the Company’s note-holders.