Praemium Ltd ( (AU:PPS) ) has shared an announcement.
Praemium Limited has announced the finalization of its on-market buy-back program, repurchasing a total of 41,667,480 ordinary fully paid securities for a total consideration of AUD 24,053,587.93. This buy-back is part of the company’s strategy to enhance shareholder value and optimize its capital structure, reflecting positively on its market positioning and potentially benefiting stakeholders by improving earnings per share.
More about Praemium Ltd
Praemium Limited operates in the financial services industry, providing investment platforms and portfolio administration services. The company focuses on offering technology solutions for investment management and financial advisory services.
YTD Price Performance: 13.61%
Average Trading Volume: 999,155
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$398.9M
See more insights into PPS stock on TipRanks’ Stock Analysis page.