NZ's Burger Fuel rises most in 14 months on capital return

Burger Fuel

27/10/2023 01:48

** Shares of New Zealand's Burger Fuel Group Ltd  BFG.NZ 
rise as much as 11.1% to NZ$0.300, marking their biggest
intraday pct jump since Aug 24, 2022
    ** BFG stock at its highest level since Dec 5, 2022
    ** The restaurant chain owner says it will return ~NZ$4.1
mln ($2.39 mln) to its shareholders at NZ$0.08 per share through
share cancellation
    ** Says return of capital does not alter the shareholders'
relative voting and distribution rights
    ** About 26,892 shares change hands, compared with the
30-day average volume of 1,185
    ** Stock down 6.90% YTD, based on last close

     ($1 = 1.7173 New Zealand dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.GovindRao@thomsonreuters.com;))