tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Vend Marketplaces Finalises Share Capital Reduction After Buybacks

Story Highlights
  • Vend Marketplaces ASA has cancelled 14.9 million treasury shares, reducing its share capital.
  • After the capital reduction, Vend’s registered share capital is NOK 109.1 million across 218.2 million shares.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Vend Marketplaces Finalises Share Capital Reduction After Buybacks

Claim 70% Off TipRanks Premium

The latest update is out from Vend Marketplaces ASA ( (GB:0R9I) ).

Vend Marketplaces ASA has completed a significant share capital reduction following earlier share buyback programmes and a tender offer, formally retiring 14,874,297 treasury shares. After the reduction was approved by an Extraordinary General Meeting and the creditor deadline passed, the company’s new registered share capital stands at NOK 109,105,345.50, split into 218,210,691 shares with a nominal value of NOK 0.50, a move that streamlines its capital structure and may enhance capital efficiency and per-share metrics for remaining shareholders.

The most recent analyst rating on (GB:0R9I) stock is a Buy with a NOK410.00 price target. To see the full list of analyst forecasts on Vend Marketplaces ASA stock, see the GB:0R9I Stock Forecast page.

More about Vend Marketplaces ASA

Vend Marketplaces ASA is a publicly listed company whose shares trade on the Norwegian market, with operations structured through a share capital divided into a large number of low nominal value shares, indicating a broad shareholder base and typical marketplace or platform-oriented corporate structure.

YTD Price Performance: -18.80%

Average Trading Volume: 381,808

Current Market Cap: NOK58.18B

Find detailed analytics on 0R9I stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1