Bravura Solutions Announces $73.2 Million Capital Return to Shareholders

Bravura Solutions Limited ( (AU:BVS) ) has provided an update.

Bravura Solutions Limited has announced the return of up to $73.2 million in surplus capital to shareholders, following approval at the 2024 Annual General Meeting. The capital return, which amounts to $0.163 per share, will not affect the number of shares held or company control and is deemed fair and reasonable by the board. Payment will be made directly to Australian registered resident shareholders, with key dates for the transactions set for January 2025. The move reflects the company’s robust financial position and commitment to shareholder value, while ensuring the ability to meet creditor obligations remains unaffected.

More about Bravura Solutions Limited

Bravura Solutions Limited is a leading provider of software solutions for the wealth management, life insurance, and funds administration industries. The company offers functionally rich technology that aids in modernisation, consolidation, and simplification, allowing clients to enhance their market speed and digital experience while addressing regulatory changes. With over 30 years of experience, Bravura’s solutions are trusted by major financial institutions globally to manage trillions in assets, supported by a team of 1,100 employees across various regions.

YTD Price Performance: -3.11%

Average Trading Volume: 1,023,189

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$1.02B

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