Australia's GTN hits over 1-yr high on share buy-back, capital return plans

Gtn

29/11/2024 24:36

** Shares of GTN  GTN.AX  rise as much as 15.4% to A$0.525,
their highest since April 3, 2023
    ** Stock posts its biggest intraday gain since Oct. 11, 2023
** Traffic information supplier says it intends to reinstate its
share buy-back of up to 16 mln shares
    ** Says it is considering a one-off return of capital or
special dividend
    ** About 761,000 shares change hands, compared with the
30-day average volume of around 331,000
    ** Stock up 5.1% YTD, including the session's move
     
     

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