Morphic Ethical Equities Fund (ASX:MEC) repurchased 26,500 ordinary fully-paid shares in an on-market buyback for a total consideration of AU$27,030, the firm said in an Australian bourse filing on Tuesday.
The proposed maximum number of securities to be bought back is 7.4 million shares, the filing said.
Morphic Ethical Equities' shares inched up 2% in trading on Tuesday.
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