SmartPay Acquires Shares as Treasury Stock

SmartPay Holdings Limited (DE:KX2) has released an update.

SmartPay Holdings Limited has announced the selective on-market acquisition of 10,124 of its ordinary shares, representing a mere 0.0042% of its total shares, at a price of AU$1.149917 each, using cash as payment. These shares are to be held as treasury stock, following a director resolution in alignment with NZX Listing Rule 4.14.1(a), as part of the company’s plan disclosed on 19 August 2024 to assist in meeting obligations related to vested share performance rights.

For further insights into DE:KX2 stock, check out TipRanks’ Stock Analysis page.