Avolta shares jump on CHF 200 mln buyback plan By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 17 2025
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Source: Investing.com
Avolta's Share Buyback Announcement: Avolta shares rose over 8% after the company announced a CHF 200 million share buyback program, set to begin before January 31, 2025, and end by December 31, 2025.
Objective of the Buyback Program: The initiative aims to enhance shareholder value by reducing outstanding shares and reflects Avolta's strong financial position and commitment to efficient capital allocation as part of its 'Destination 2027' plan.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
