Thorney Technologies Limited (AU:TEK) has released an update.
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Thorney Technologies Ltd has announced a one-year extension of its on-market share buy-back program, allowing the company to repurchase up to 10% of its ordinary shares before October 2025. The buy-back aims to reduce the discount of the share price to its net tangible assets (NTA), funded from existing cash reserves, with the company retaining the flexibility to adjust the program as needed. The initiative follows TEK’s strategy of enhancing shareholder value and capital management efficiency.
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