Emerson Stewart Group Limited (ASX: ESW) is pleased to announce that the transaction to buy-back shares held by Redsdale Pty Ltd of 31.25m shares or 25.28% of the ESW issued share capital has successfully been completed.
ESW has also utilised 6.25m shares to establish an ESW employee share plan.
The number of shares now on issue are 98,634,375.
The closing price as of 22 July 2009 was 12 cents.