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The latest announcement is out from TPG Telecom Limited ( (AU:TPG) ).
TPG Telecom Limited held an Extraordinary General Meeting to discuss a significant capital return of approximately $3 billion to shareholders, which includes a capital reduction and a special dividend. The company also introduced a Reinvestment Plan to allow minority shareholders to reinvest their returns into new shares, aiming to increase minority ownership and improve share trading liquidity. The Board supports these initiatives, reflecting confidence in the company’s strong financial position and strategic direction towards a mobile-led focus.
The most recent analyst rating on (AU:TPG) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on TPG Telecom Limited stock, see the AU:TPG Stock Forecast page.
More about TPG Telecom Limited
TPG Telecom Limited is a telecommunications company that focuses on providing mobile and internet services. It aims to simplify its operations to become a mobile-led company, leveraging strong offers and regional network sharing agreements to grow its mobile business.
YTD Price Performance: 30.76%
Average Trading Volume: 1,290,007
Technical Sentiment Signal: Buy
Current Market Cap: A$10.51B
For detailed information about TPG stock, go to TipRanks’ Stock Analysis page.