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VNV Global ( (SE:VNV) ) just unveiled an announcement.
VNV Global’s Board of Directors has decided to repurchase its own ordinary shares, a move authorized by the annual general meeting. This decision aims to provide flexibility in returning capital to shareholders, enhance capital efficiency, and prevent a discount between net asset value and share price. The share buyback will be conducted on Nasdaq Stockholm, with acquisitions limited to 10% of the company’s total shares and subject to the terms of its outstanding bonds.
More about VNV Global
VNV Global is an investment company that focuses on patient capital and network effect businesses to achieve long-term profitability. The company is known for its opportunistic investments in business models with strong competitive advantages. VNV Global’s common shares are listed on Nasdaq Stockholm, Mid Cap segment, under the ticker VNV.
Average Trading Volume: 182,237
Technical Sentiment Signal: Hold
Current Market Cap: SEK3.04B
Find detailed analytics on VNV stock on TipRanks’ Stock Analysis page.