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Thorney Technologies Limited ( (AU:TEK) ) has issued an update.
Thorney Technologies Ltd has continued its on-market share buy-back program, targeting its ordinary fully paid shares trading under the ASX code TEK. The company has disclosed ongoing daily activity in the program, which is designed to reduce the number of shares on issue and may support capital management objectives and shareholder value.
The latest notification shows that Thorney Technologies had bought back a cumulative 7,805,729 shares prior to the previous trading day and repurchased a further 500,000 shares on that previous day. Regular daily updates to the market underscore the company’s active execution of its buy-back strategy and provide transparency for investors tracking its capital management actions.
More about Thorney Technologies Limited
Thorney Technologies Ltd is an investment company listed on the ASX under the code TEK, focusing on listed and unlisted technology-related securities. The company deploys capital across a portfolio of tech opportunities, giving investors exposure to the broader technology sector through a managed, listed vehicle.
YTD Price Performance: -12.50%
Average Trading Volume: 244,306
Technical Sentiment Signal: Strong Sell
For detailed information about TEK stock, go to TipRanks’ Stock Analysis page.