Tranche Update on OFX Group Limited's Equity Buyback Plan announced on May 18, 2021.
November 09, 2021 at 02:43 am IST
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From May 18, 2021 to September 30, 2021, the company has repurchased 1,912,000 shares, representing 0.78% for AUD 2.65 million. With this, the company has completed the repurchase of 1,912,000 shares, representing 0.78% for AUD 2.65 million under the buyback announced on May 18, 2021.
OFX Group Limited is an Australia-based company, which is engaged in provision of international payments and foreign exchange services. It helps businesses and individuals to securely send and receive money, without bank fees. Its segments include APAC, North America and EMEA. Each region serves consumers, corporates, online sellers, and enterprise clients. It provides simple payments to over 170+ countries online, in app, or over the phone with one of its OFXperts. Its Global Currency Account can make running clients' international or eCommerce business easier. Its eCommerce and business clients, the OFX Global Currency Account, allows clients to have up to seven foreign currency accounts, so they can pay invoices, receive payments, and easily reconcile transfers in euros, dollars or yen. An OFXpert will support and tailor solutions to clients' business needs. It operates through various offices in London, Dublin, Sydney, Auckland, Hong Kong, Singapore, Toronto and San Francisco.