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An announcement from VEF AB ( (SE:VEFAB) ) is now available.
VEF AB announced the repurchase of 360,000 ordinary shares as part of a buyback program approved by its Annual General Meeting. This move is part of a larger initiative to buy back up to 10% of its outstanding shares, potentially impacting its market positioning by reducing the number of shares in circulation and potentially increasing shareholder value.
More about VEF AB
VEF AB is an investment company based in Sweden, focusing on growth-stage private fintech companies. It takes minority stakes and actively participates in its portfolio companies, particularly in emerging markets across various financial services sectors such as payments, credit, mobile money, and wealth advisory. VEF is listed on Nasdaq Stockholm’s Main Market under the ticker VEFAB.
Average Trading Volume: 1,096,145
Current Market Cap: SEK2.22B
Find detailed analytics on VEFAB stock on TipRanks’ Stock Analysis page.