Peet (ASX:PPC) repurchased 4,864 shares for AU$6,420 in an on-market buyback on Thursday, according to a Friday filing with the Australian bourse.
The real estate development company plans to buy back up to 24.5 million shares, with the remaining shares to be repurchased at 2.7 million, the filing said.
Shares fell nearly 1% in midday trade Friday.
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