Australia's Smart Parking climbs on A$5 million buyback announcement

Smart Parking

18/08/2026 06:54

** Shares of Smart Parking SPZ.AX rise as much as 38.1% to A$0.87, on track to clock its best session since late-August, 2019
** Parking services provider announces an on-market share buy-back of up to A$5 million ($3.55 million) of ordinary fully paid shares
** Intends to commence share buy-back on September 1, for up to a 12-month period
** About 3.4 million shares change hands, 5.9 times the 30-day avg
** SPZ down 42% YTD, including the session's moves
     
($1 = 1.4090 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)
 ((anjali.singh2@thomsonreuters.com;))