Hygrovest Limited (AU:HGV) has released an update.
Hygrovest Limited, an Australian investment company focused on capital growth, has announced an on-market buyback of up to 10% of its ordinary shares to be initiated on 10 October 2024. The buyback is aimed at improving capital management, considering the shares are currently trading at a discount compared to their net asset value. The Board has emphasized the buyback’s dependency on market conditions and retains the flexibility to suspend or terminate the program.
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