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Thorney Technologies Limited ( (AU:TEK) ) just unveiled an announcement.
Thorney Technologies has provided an update on its ongoing on-market share buy-back program for its ordinary fully paid shares traded under the ASX code TEK. The company reported that a cumulative total of 9,024,447 shares had been repurchased prior to the previous trading day, with an additional 37,139 shares bought back on that day as part of the daily buy-back notification.
The continuation of the on-market buy-back suggests Thorney Technologies is actively managing its capital structure and may be aiming to enhance shareholder value by reducing the number of shares on issue. Regular daily notifications underline the program’s ongoing nature and provide investors with transparency on the pace and scale of the repurchases.
More about Thorney Technologies Limited
Thorney Technologies Ltd is an ASX-listed investment company focused on the technology sector. Its primary activity is investing in a portfolio of technology-related securities, giving shareholders exposure to emerging and established tech businesses across relevant markets.
Average Trading Volume: 273,463
Technical Sentiment Signal: Strong Sell
For detailed information about TEK stock, go to TipRanks’ Stock Analysis page.