Eagers Automotive Cancels Shares Post-Buyback

Eagers Automotive Limited (AU:APE) has released an update.

Eagers Automotive Limited has announced the cancellation of 210,000 of its ordinary fully paid securities as a result of an on-market buy-back that took place on May 24, 2024. This strategic move, detailed on May 31, 2024, could reflect the company’s confidence in its value or a bid to return wealth to shareholders.

For further insights into AU:APE stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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