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Pacific Current Group Ltd ( (AU:PAC) ) has provided an announcement.
Pacific Current Group has cancelled 141,388 ordinary fully paid shares on issue following the execution of an on-market buy-back completed on April 24, 2026. The reduction in issued capital reflects the company’s ongoing capital management strategy, which can enhance earnings per share and potentially support shareholder value by decreasing the number of shares outstanding on the market.
The notification lodged with the ASX formalises the cessation of these securities and updates the record of the company’s capital structure. While no further operational details were disclosed, the move signals continued use of buy-backs as a tool to optimise the balance sheet and refine Pacific Current Group’s equity base over time.
More about Pacific Current Group Ltd
Pacific Current Group Ltd is an Australia-listed company that trades on the ASX under the code PAC. It has an issued capital structure that includes ordinary fully paid shares, and it actively manages this capital base through transactions such as on-market share buy-backs designed to adjust the number of shares on issue.
Average Trading Volume: 29,580
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$310M
Learn more about PAC stock on TipRanks’ Stock Analysis page.