Australia's 360 Capital Group climbs most in 11 months on buyback plan

360 Capital

10/08/2023 06:04

** Shares of fund manager 360 Capital Group Ltd  TGP.AX 
climb as much as 7.9% to A$0.68, posting their biggest intraday
pct gain since Aug. 26, 2022
    ** Co proposes buyback of up to 21.9 mln securities, about
9% of issued capital
    ** Says on-market securities buyback will commence after
Aug. 24
    ** Stock hits highest level since July 24
    ** More than 93,000 shares change hands, vs the 30-day avg
of about 51,000 shares
    ** Stock had fallen 22.2% this year, as of last close

 (Reporting by Shivangi  Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))