Alterra Limited (AU:1AG) has released an update.
Alterra Limited has successfully completed its share buy-back initiative, aimed at helping shareholders with ‘unmarketable parcels’—holdings worth $500 or less—realize value without incurring costs. The company bought back 8,544,239 shares, which is roughly 0.9813% of its issued capital, at no expense to the shareholders, with a total value of $51,265.49. These shares have now been cancelled, and the proceeds are being distributed to the relevant shareholders.
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