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Pepper Money Ltd ( (AU:PPM) ) has issued an update.
Pepper Money Limited has announced a plan to conduct an on-market share buy-back of up to 10% of its ordinary shares as part of its capital management strategy. This buy-back, set to commence on 8 May 2025, will be executed over a 12-month period, with the timing and volume of purchases contingent on market conditions and share price. This move is aimed at optimizing the company’s capital management, although there is no guarantee that all shares will be repurchased.
More about Pepper Money Ltd
Pepper Money is a leading non-bank lender in Australia and New Zealand, established in 2000. It specializes in providing innovative home loan solutions and offers a range of products including residential home loans, asset finance, commercial real estate, and novated leases.
YTD Price Performance: 6.02%
Average Trading Volume: 345,337
Technical Sentiment Signal: Sell
Current Market Cap: A$626.1M
For a thorough assessment of PPM stock, go to TipRanks’ Stock Analysis page.