Morphic Ethical Equities Fund Ltd. (AU:MEC) has released an update.
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Morphic Ethical Equities Fund Ltd. has announced a continuation of its on-market buy-back strategy, purchasing an additional 51,107 ordinary fully paid shares, bringing the total to 1,717,612 shares bought back. This buy-back reflects the company’s strategy to enhance shareholder value by reducing the number of outstanding shares in the market.
For further insights into AU:MEC stock, check out TipRanks’ Stock Analysis page.