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Infomedia Ltd ( (AU:IFM) ) just unveiled an update.
Infomedia Ltd announced an on-market share buyback of up to 5% of its issued capital, equating to approximately 18.80 million ordinary shares, over a 12-month period starting 3 March 2025. The company emphasizes maintaining a robust balance sheet and sufficient cash flow for dividends, leveraging its $78 million cash reserve and no debt position to enable the buyback while retaining flexibility for growth investments. The shares bought back will be canceled, reducing the total number of shares issued, and the company retains the right to alter or terminate the buyback based on various conditions.
More about Infomedia Ltd
Infomedia Ltd (ASX: IFM) is a leading global provider of Data as a Service (DaaS) and Software as a Service (SaaS) solutions, focusing on the data-driven automotive ecosystem. Their products assist OEMs, NSCs, dealerships, and third-party partners in managing vehicle and customer lifecycles, serving over 250,000 industry professionals across 50 OEM brands in 186 countries.
YTD Price Performance: -5.84%
Average Trading Volume: 296,070
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$544.9M
See more data about IFM stock on TipRanks’ Stock Analysis page.
