** Region Re RGN.AX rises as much as 2.6% to A$2.155, highest since February 18
** Stock set for biggest intraday pct gain since February 6
** Investor and manager of shopping centres announces share buyback of up to A$100 mln ($62.71 mln)
** Says co will fund buyback using proceeds from recently exchanged A$76 mln disposal of retail shopping centre and existing cash and undrawn debt facilities
** YTD, RGN up 4.1%
($1 = A$1.5946)
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.kumar@thomsonreuters.com;))
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