Australia's Duxton Water rises on share buyback announcement

Rivco Australia

04/06/2024 01:44

** Shares of Duxton Water  D2O.AX  rise as much as 2.5% to
A$1.450, their highest level since May 31
    ** Stock set for best day since May 30, if current gains
hold
    ** Water supplies solutions provider to commence on-market
share buyback
    ** Says shares will only be bought back at prices the board
is confident represent discount to intrinsic value of co
    ** Says Shaw and Partners to act as broker
    ** Stock down 9% this year, as of last close

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))