Aug 20 (Reuters) - Simonds Group Ltd SIO.AX :
* Says Simonds Group announces on-market share buy-back
* Says company to buy back up to a maximum of 7.5 million shares within a 12-month period
* Expects that share buyback, which will be funded from existing cash reserves and banking facilities, will be EPS accretive"
* Source text for Eikon ID:nASXbKc534