Pacific Current Group Ltd ( (AU:PAC) ) has provided an announcement.
Pacific Current Group Limited has announced an update on its off-market equal access share buy-back program, which aims to repurchase up to $300 million of surplus capital. As of March 13, 2025, the company has received applications from eligible shareholders representing approximately 65.86% of the maximum shares proposed for buy-back. The offer period has been extended to March 21, 2025. This buy-back initiative reflects Pacific Current Group’s strategic focus on optimizing capital allocation and enhancing shareholder value.
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: -1.25%
Average Trading Volume: 3,997
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $374M
For detailed information about PAC stock, go to TipRanks’ Stock Analysis page.