Nickel Mines Ltd. (AU:NIC) has released an update.
Nickel Industries Limited has announced they will proceed with a share buy-back program, purchasing up to USD100M of its shares following the FIRB approval received by PT Danusa Tambang Nusantara. The buy-back, which is an on-market transaction, is set to begin after August 1, 2024, when the company exits its blackout period. This strategic move is anticipated to influence the company’s share distribution and ownership percentages.
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