Viva Leisure (ASX:VVA) reported a daily on-market buyback of its ordinary fully paid securities, with 27,868 shares repurchased Tuesday for about AU$40,000 in total, according to a Thursday filing with the Australian bourse.

The proposed maximum number of securities to be bought back is roughly 9 million shares, the filing said.

Shares fell 2% in morning trade Thursday.

Price (AUD): $1.42, Change: $-0.030, Percent Change: -2.07%