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Perenti Global ( (AU:PRN) ) has issued an announcement.
Perenti Limited has notified the ASX of a reduction in its issued capital, following the cessation and cancellation of 2,129,231 ordinary fully paid shares. The move was executed via an on-market buy-back completed on 4 May 2026, reflecting active capital management and a tightening of the company’s share base.
The cancellation of these securities marginally reduces the total number of shares on issue, which can be supportive of earnings per share metrics for remaining shareholders. This action underscores Perenti’s ongoing use of buy-backs as a tool to manage its balance sheet and potentially enhance shareholder value over time.
The most recent analyst rating on (AU:PRN) stock is a Hold with a A$2.35 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, listed on the ASX under the code PRN, is an Australian-based company with issued ordinary fully paid shares. The company operates with a capital structure that it actively manages through market transactions such as on-market share buy-backs to optimise its share base and capital management strategy.
YTD Price Performance: -31.05%
Average Trading Volume: 2,994,700
Technical Sentiment Signal: Buy
Current Market Cap: A$1.77B
Find detailed analytics on PRN stock on TipRanks’ Stock Analysis page.