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WOTSO Property ( (AU:WOT) ) has issued an update.
WOTSO has completed a minimum holding buy-back program for securityholders with less than a marketable parcel of securities. This initiative allowed eligible securityholders to sell their securities back to the company without incurring brokerage or handling costs, resulting in the buy-back of 451,328 securities valued at $237,849.86. This move is likely to streamline the company’s shareholder base and potentially improve liquidity for remaining shareholders.
More about WOTSO Property
WOTSO is a company that operates in the flexible workspace solutions industry and manages a property portfolio valued at $299 million. It provides and manages flexible workspace solutions such as private offices, coworking spaces, and virtual offices, targeting start-ups, established businesses, and remote workers. The company focuses on suburban and regional markets, differentiating itself from competitors through strategic site selection, operational expertise, and financial discipline.
Average Trading Volume: 15,351
Technical Sentiment Signal: Sell
Current Market Cap: A$105.4M
See more insights into WOT stock on TipRanks’ Stock Analysis page.