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VEF AB ( (SE:VEFAB) ) has shared an update.
VEF AB has renewed its share buyback program, allowing the company to repurchase up to 10% of its outstanding shares. This move is aimed at enhancing shareholder value by buying back shares at a discount to NAV, with the potential for a high internal rate of return. The program, approved by the Board of Directors, will continue until the 2026 AGM, providing flexibility to repurchase shares on Nasdaq Stockholm or through block trades.
More about VEF AB
VEF AB is an investment company listed in Sweden, focusing on growth-stage private fintech companies. It takes minority stakes and actively participates in board representation, targeting emerging markets across financial services such as payments, credit, mobile money, and wealth advisors.
Average Trading Volume: 2,633,447
Current Market Cap: SEK2.07B
See more insights into VEFAB stock on TipRanks’ Stock Analysis page.