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The latest update is out from Wellard Ltd. ( (AU:WLD) ).
Wellard Ltd has announced that its shareholders have approved the sale of the MV Ocean Drover, a livestock vessel, for US$50 million. The proceeds from this sale will be returned to shareholders at a rate of 15 cents per share. The sale is anticipated to occur in the last week of July, with the capital return expected around August 28, 2025. This decision reflects Wellard’s strategic move to optimize its asset portfolio and provide direct financial benefits to its shareholders.
More about Wellard Ltd.
Wellard Ltd operates in the livestock transportation industry, focusing on the export of live animals. The company is known for its fleet of specialized vessels designed for the safe and efficient transport of livestock across international waters.
YTD Price Performance: 196.67%
Average Trading Volume: 5,375
Technical Sentiment Signal: Sell
Current Market Cap: €51.39M
Learn more about WLD stock on TipRanks’ Stock Analysis page.