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Pacific Current Group Ltd ( (AU:PAC) ) has issued an announcement.
Pacific Current Group Limited has successfully completed an off-market share buy-back, acquiring A$265 million worth of its ordinary shares, which equates to 42.23% of its issued share capital. This move is expected to enhance capital efficiency, provide liquidity to exiting shareholders, and benefit remaining shareholders by reducing the total number of shares outstanding, thus strengthening PAC’s capital position.
More about Pacific Current Group Ltd
Pacific Current Group is a multi-boutique asset management firm focused on delivering exceptional value to shareholders, investors, and partners. The company leverages strategic resources, including permanent capital and operational expertise, to support its partners’ success. It holds investments in eight boutique asset managers globally.
YTD Price Performance: 2.57%
Average Trading Volume: 369
Technical Sentiment Signal: Strong Sell
Current Market Cap: $389.3M
For a thorough assessment of PAC stock, go to TipRanks’ Stock Analysis page.