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An update from Duxton Farms Limited ( (AU:DBF) ) is now available.
Duxton Farms Limited has announced the initiation of an on-market share buyback program, a strategy it has employed throughout its history as a listed company. This move aims to enhance shareholder value and improve market liquidity, as the current share price is perceived to be undervalued relative to the company’s long-term economic prospects. The buyback allows the company to repurchase up to 10% of its issued capital within a 12-month period without requiring shareholder approval, although there is no guarantee that the full amount will be purchased. Shaw and Partners Limited has been appointed as the broker for this initiative.
More about Duxton Farms Limited
Average Trading Volume: 91,781
Technical Sentiment Signal: Sell
Current Market Cap: A$87.85M
See more data about DBF stock on TipRanks’ Stock Analysis page.