** Shares of Webcentral jump as much as 8.3% to A$0.260, thier biggest intraday pct gain since Oct 27
** The digital services co says it is launching an on-market share buyback
** Co says buyback will be funded from proceeds of the sale of its domains business, which is expected to be completed on Dec 20
** Says it may begin buyback programme on Dec 22
** Shares hit their highest level since Nov 23
** Stock on track for a second consecutive session of gains, if trend holds
** Webcentral stock up 60% YTD, as of last close
(Reporting by Echha Jain in Bengaluru)
((Echha.jain@thomsonreuters.com))
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