Econet Wireless Zimbabwe plans to renew share buyback authority at AGM to boost financial position.
Econet Wireless Zimbabwe plans to renew its share buyback authority at its upcoming AGM to boost its financial position. Share buyback authority allows a company to repurchase its shares, increasing stock value, improving financial ratios, and returning excess capital to shareholders. The buyback would be subject to conditions, including a 10% limit of the company's issued ordinary share capital and a 5% price increase above the market value.
August 13, 2024
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