Birddog Technology Ltd. (AU:BDT) has released an update.
BirdDog Technology Limited has announced a deal to selectively buy back 31.6 million of its shares from Home Made Robots, representing a significant 16.3% of the company’s issued share capital. The buy-back will occur at a substantial discount to recent average prices, pending shareholder approval at an EGM set for July 19, 2024. This strategic move is aimed at enhancing shareholder value as BirdDog continues to grow from a low revenue period with strong market fit for its new products.
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