Australia's Resimac gains on share buyback plan

Resimac

26/11/2024 02:36

** Shares of Resimac Group  RMC.AX  rise as much as 5.4% to
A$0.885, their largest intraday pct gain since late July
    ** Consumer lender will undertake on-market share buyback
    ** Intends to commence buyback on Dec. 11 for up to a
12-month period
    ** Says buyback represents opportunity to add value to co's
shares
    ** Stock hits highest since Nov. 18
    ** However, Resimac down 15.8% YTD

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))