Pacific Current Group Ltd (AU:PAC) has released an update.
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Pacific Current Group has announced its intention to conduct a $300 million off-market share buy-back, subject to shareholder approval. The proposed buy-back price is set at $12 per share, and the process is expected to commence early next year, pending regulatory engagement. This move reflects the company’s strategy to enhance shareholder value by utilizing surplus capital.
For further insights into AU:PAC stock, check out TipRanks’ Stock Analysis page.
