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An announcement from Tower Limited ( (AU:TWR) ) is now available.
Tower Limited has announced a capital return of approximately NZ$45 million to its shareholders, involving the cancellation of 1 ordinary share for every 10 held as of 19 March 2025. This move reduces the total number of shares to 342,552,063. Payments are expected to be processed by 31 March 2025, potentially impacting shareholder value and market positioning.
More about Tower Limited
YTD Price Performance: 24.87%
Average Trading Volume: 41,885
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$552.7M
For detailed information about TWR stock, go to TipRanks’ Stock Analysis page.