Platinum Capital (ASX: PMC) repurchased 6.7 million shares under its ongoing on-market buyback, leaving a further 52.7 million shares available for repurchase before the 20% limit agreed upon ahead of its extraordinary general meeting is reached, according to a Tuesday filing with the Australian bourse.
The company is targeting a buyback price of 1% to 2% below its estimated daily post-tax net tangible asset, the filing said.
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