Connexion Telematics Limited (AU:CXZ) has released an update.
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Connexion Mobility Ltd has announced a significant update on its ongoing stock buy-back program, revealing the purchase of over 1.3 million shares in a single day. This strategic move aims to enhance shareholder value by reducing the number of shares available in the market. Such aggressive buy-backs can often signal confidence from the company’s management in its current financial health and future prospects.
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