Thorney Technologies Updates Market on Progress of On-Market Share Buy-Back

Thorney Technologies Limited ( (AU:TEK) ) has provided an announcement.

Thorney Technologies Ltd has provided an updated notification to the ASX on its ongoing on-market share buy-back program for its ordinary fully paid shares under ticker TEK. The company reported that, as of 16 March 2026, it had repurchased a cumulative total of 5,817,534 shares before the previous trading day and a further 500,000 shares on the previous day, indicating continued execution of its capital management strategy.

The daily buy-back disclosure, which follows an initial notification lodged in November 2025 and a prior update on 13 March 2026, signals Thorney Technologies’ ongoing commitment to returning capital and potentially enhancing value for remaining shareholders. Regular updates on the scale and pace of repurchases provide transparency to the market and help investors assess the impact of the buy-back on the company’s share base and capital structure.

The most recent analyst rating on (AU:TEK) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Thorney Technologies Limited stock, see the AU:TEK Stock Forecast page.

More about Thorney Technologies Limited

Thorney Technologies Ltd is an Australian-listed investment company trading under the ASX code TEK. It focuses on technology-related opportunities and holds a portfolio of investments in the tech sector through its ordinary fully paid shares.

YTD Price Performance: 4.17%

Average Trading Volume: 228,752

Technical Sentiment Signal: Sell

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