Smartgroup Announces Cessation of Securities in Employee Buy-Back

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Smartgroup Announces Cessation of Securities in Employee Buy-Back

Smartgroup Corporation Ltd ( (AU:SIQ) ) has provided an update.

Smartgroup Corporation Ltd announced the cessation of 610,262 ordinary fully paid securities due to a buy-back under an employee share scheme. This move is part of the company’s ongoing efforts to manage its capital structure and could potentially impact its market positioning by optimizing shareholder value.

More about Smartgroup Corporation Ltd

Smartgroup Corporation Ltd operates in the financial services industry, specializing in employee management services including salary packaging and fleet management solutions. The company focuses on providing comprehensive solutions to enhance employee benefits and streamline corporate operations.

YTD Price Performance: 8.44%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $707.5M

See more insights into SIQ stock on TipRanks’ Stock Analysis page.

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