** 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))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.