IVE Group Eyes Up to AU$10 Million Buyback Program; Shares Up 6%

MT Newswires Live

2025/02/24

IVE Group (ASX:IGL) plans to implement a share buyback of up to AU$10 million, according to a Monday filing with the Australian bourse.

This comes as the company's board and management view IGL's share price as "offering significant value at current levels," per the filing.

The buyback could result in the cancellation of over 4.5 million

shares, representing roughly 2.9% of the company's issued capital. IVE Group has appointed United Capital Partners to conduct the program.

The marketing company's shares were up 6% in recent trade.

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