Prosegur Cash (ES:CASH) has released an update.
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Prosegur Cash has announced a share buyback program aimed at canceling approximately 1% of its current share capital. The program is set to purchase up to 14.8 million shares with a maximum budget of €8 million, and it will run for a maximum duration of one year. This move reflects the company’s strategic decision to reduce its share capital, while the majority shareholder, Prosegur Compañía de Seguridad, has decided not to sell any shares during this period.
For further insights into ES:CASH stock, check out TipRanks’ Stock Analysis page.
