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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.