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Peet Limited Announces Strategic Share Buy-Back

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Peet Limited Announces Strategic Share Buy-Back

Confident Investing Starts Here:

An announcement from Peet Limited ( (AU:PPC) ) is now available.

Peet Limited has announced a daily share buy-back, purchasing a total of 24,499,027 ordinary shares with a remaining 2,729,070 shares to be bought back. The buy-back is conducted on-market, and the company confirms compliance with all relevant Corporations Act requirements, indicating a strategic move to potentially enhance shareholder value and optimize capital structure.

More about Peet Limited

Peet Limited operates in the real estate industry, focusing on property development and investment. The company is known for its residential communities and land development projects across Australia.

YTD Price Performance: -5.84%

Average Trading Volume: 283,840

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$641.5M

For an in-depth examination of PPC stock, go to TipRanks’ Stock Analysis page.

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