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Verbrec Cancels 76,143 Shares Under Minimum Holding Buy-Back

Story Highlights
  • Verbrec Ltd, an ASX-listed Australian company, maintains ordinary fully paid shares under code VBC.
  • The company cancelled 76,143 ordinary shares via a minimum holding buy-back, reducing its capital base.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Verbrec Cancels 76,143 Shares Under Minimum Holding Buy-Back

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Verbrec Ltd ( (AU:VBC) ) just unveiled an announcement.

Verbrec Ltd, an ASX-listed Australian public company (code VBC) with ABN 90 127 897 689, has ordinary fully paid shares on issue and is subject to the exchange’s capital management and disclosure requirements. The company has cancelled 76,143 ordinary fully paid shares following the execution of a minimum holding buy-back, slightly reducing its issued capital as part of routine capital management activity that may simplify its register and reduce administrative costs for small holdings.

The most recent analyst rating on (AU:VBC) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on Verbrec Ltd stock, see the AU:VBC Stock Forecast page.

More about Verbrec Ltd

Verbrec Ltd, listed on the ASX under the code VBC, operates as an Australian public company, though this notice does not specify its industry, products or services. The company has a registered Australian Business Number (ABN 90 127 897 689) and maintains a listed pool of ordinary fully paid shares on the Australian Securities Exchange.

YTD Price Performance: -2.33%

Average Trading Volume: 316,348

Technical Sentiment Signal: Buy

Current Market Cap: A$63.89M

For a thorough assessment of VBC stock, go to TipRanks’ Stock Analysis page.

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