Pacific Current Group Plans $275M Shareholder Buy-Back

Pacific Current Group Ltd (AU:PAC) has released an update.

Pacific Current Group Ltd has announced plans to return up to $275 million to its shareholders through an off-market buy-back, pending shareholder approval in an upcoming July 2024 meeting. This decision follows the sale of significant assets, including its holding in GQG Partners, with total cash proceeds expected to be approximately $370 million. The buy-back is part of the company’s effort to optimize shareholder value, with the final amount subject to change based on the company’s financial position closer to the distribution of meeting materials.

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