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European Lithium: Launch on-market share buy-back | Fintech InShorts: Latest fintech news, analysis by experts

Less than 1 min.Read

European Lithium: Launch on-market share buy-back

By Steve Sam

April 4, 2023

European Lithium Launch on-market share buy-back

European Lithium (EUR) is set to undertake a buy-back of up to 100 million shares to “deliver shareholder returns”
The shares represent 6.7 per cent of what’s on issue for an estimated cost of $6.9 million
The company believes its current share price does not reflect the underlying value of its assets, the EUR trading at a “significant discount” compared to its peers
As such, EuropeanLithium says it sees the buyback as a strategic opportunity in its capital management strategy
EuropeanLithium shares are trading at 5.5 cents at 1:55 pm AEDT