Connexion Telematics Limited (AU:CXZ) has released an update.
Connexion Mobility Ltd has announced the completion of an on-market buy-back, resulting in the cancellation of 11,293,091 of its ordinary fully paid shares as of June 28, 2024. This strategic move is aimed at enhancing shareholder value and is part of the company’s capital management strategy. Investors in Connexion Mobility Ltd should note the significant reduction in total shares on the market following this action.
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