Magellan Financial Group Ltd ( (AU:MFG) ) has provided an announcement.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back program. As of the latest notification, the company has bought back a total of 10,573,347 ordinary fully paid securities, with an additional 29,675 securities repurchased on the previous day. This buy-back initiative is part of Magellan’s strategy to manage its capital structure and potentially enhance shareholder value.
More about Magellan Financial Group Ltd
Magellan Financial Group Ltd is a company operating in the financial services industry, primarily focused on investment management. The company offers a range of investment products and services, catering to both retail and institutional clients.
YTD Price Performance: -41.10%
Average Trading Volume: 565
Technical Sentiment Signal: Strong Buy
Current Market Cap: €681.8M
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