Ariadne Australia rises on extending on-market buyback

Ariadne Australia

03/03/2026 24:22

** Shares of Ariadne Australia ARA.AX rise as much as 1.4% to A$0.528, set for best session since February 24

** Investment co announces on-market buyback facility extension, to remain open for up to 12 months

** Buyback is aimed at purchasing shares trading below what the board considers their intrinsic value

** Stock is up 3.4% YTD, including the session's moves

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com))