Aussie home loan lender Resimac gains most in 13 months on buyback plan

Resimac

13/12/2021 03:12

** Shares of Resimac Group  RMC.AX  soar as much as 13.2% to
A$1.85, their biggest intraday pct gain since Nov 2020
    ** Non-bank home loan lender says it will undertake
on-market share buyback https://www.asx.com.au/asxpdf/20211213/pdf/4542qcxl74mhbt.pdf
 from Dec 29 for up to 12 months
    ** Co says it intends to buy back a maximum of 40.8 mln
shares of its total 408.8 mln shares on issue
    ** Stock hits highest since Nov 16
    ** Over 298,000 shares change hands vs 30-day average volume
of 277,384 shares
    ** Stock down 24.3% this year, as of last close
    
  

 (Reporting by Dhriti Garg in Bengaluru)
 ((dhriti.garg@thomsonreuters.com))