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Perenti Global ( (AU:PRN) ) has provided an announcement.
Perenti Limited has cancelled 324,110 ordinary fully paid shares following completion of an on-market buy-back, according to a notification of cessation of securities lodged with the ASX. The reduction in issued capital marginally enhances remaining shareholders’ proportional ownership and reflects the company’s ongoing use of capital management initiatives to optimise its balance sheet and shareholder returns.
The buy-back cessation notice formalises the removal of these securities from quotation as at 27 March 2026. While the scale of this specific cancellation is modest, it signals continued management focus on disciplined capital allocation in a capital-intensive mining services industry, which may support earnings per share over time if operational performance is maintained.
The most recent analyst rating on (AU:PRN) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Perenti Global stock, see the AU:PRN Stock Forecast page.
More about Perenti Global
Perenti Limited is an Australia-based company listed on the ASX under the code PRN. It operates in the mining services sector, providing contract mining, drilling, and related services to resource projects in domestic and international markets.
Average Trading Volume: 2,999,059
Technical Sentiment Signal: Buy
Current Market Cap: A$1.84B
See more insights into PRN stock on TipRanks’ Stock Analysis page.