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Tower Limited ( (AU:TWR) ) has issued an update.
Tower Limited, a company listed on both the ASX and NZX, has announced a trading halt to facilitate a capital return scheme. This scheme, approved by the court, involves returning approximately NZ$45 million to shareholders by canceling one ordinary share for every ten shares held. The trading halt will last from 18 March 2025 until the commencement of normal trading on 20 March 2025. This move is part of Tower Limited’s strategic financial management to optimize shareholder value.
More about Tower Limited
YTD Price Performance: 13.14%
Average Trading Volume: 47,031
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$503.6M
See more insights into TWR stock on TipRanks’ Stock Analysis page.