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Novabase Engages in Strategic Share Buy-Back Program

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Novabase Engages in Strategic Share Buy-Back Program

Novabase SGPS ( (GB:0MTZ) ) has shared an announcement.

Novabase has been actively engaging in a share buy-back program, as approved by its Board of Directors in December 2024. Between February 21 and February 28, 2025, the company, through Caixa – Banco de Investimento, S.A., acquired shares representing its share capital on Euronext Lisbon. As of February 28, 2025, Novabase held a total of 674,069 own shares, accounting for 1.88% of its share capital. This move is part of a strategic effort to manage its shareholdings and potentially enhance shareholder value.

More about Novabase SGPS

Novabase SGPS is a company involved in the management of shareholdings, with its shares admitted to trading on a regulated market. It is headquartered in Lisbon, Portugal, and operates within the financial sector.

YTD Price Performance: 21.86%

Average Trading Volume: 102

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €251M

Learn more about 0MTZ stock on TipRanks’ Stock Analysis page.

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