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K&S Corporation Announces Minimum Holding Buy-Back

Story Highlights
  • K&S Corporation is conducting a buy-back for shareholders with less than 139 shares.
  • The buy-back aims to reduce administrative costs and does not require shareholder approval.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
K&S Corporation Announces Minimum Holding Buy-Back

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K & S Corporation Limited ( (AU:KSC) ) just unveiled an update.

K&S Corporation Limited, a company listed on the ASX, has announced a buy-back program for shareholders holding less than a marketable parcel of shares, defined as fewer than 139 shares. This initiative allows these shareholders to sell their shares back to the company at a price of $3.601 per share, without incurring brokerage or other expenses, aiming to reduce administrative costs associated with maintaining small holdings. The buy-back, which does not require shareholder approval, affects 138 shareholders and represents 0.002% of the company’s shares, with an aggregate value of $7,436.

More about K & S Corporation Limited

YTD Price Performance: 1.99%

Average Trading Volume: 3,962

Technical Sentiment Signal: Sell

Current Market Cap: A$489.9M

See more data about KSC stock on TipRanks’ Stock Analysis page.

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