Magellan Financial Group Ltd ( (AU:MFG) ) has issued an announcement.
Magellan Financial Group Ltd has announced an update regarding its ongoing on-market buy-back of ordinary fully paid securities. As of the latest notification, the company has bought back a total of 8,501,205 securities, with 127,821 acquired 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, focusing on asset management and investment solutions. It is known for managing global equity and infrastructure strategies for retail and institutional investors.
YTD Price Performance: -29.76%
Average Trading Volume: 921
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €811.9M
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