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Thorney Technologies Limited ( (AU:TEK) ) has issued an update.
Thorney Technologies Ltd has announced the extension of its on-market share buy-back program for another year, from November 2025 to November 2026. This initiative, aimed at narrowing the share price discount to net tangible assets (NTA), will be funded through existing cash reserves and involves the potential acquisition of up to 31,045,455 shares. The directors and their associates will not participate in this buy-back, and the company retains the right to modify or terminate the program depending on market conditions.
More about Thorney Technologies Limited
Thorney Technologies Ltd (TEK) is an ASX-listed investment company focusing on technology-related investments across various stages of the investment lifecycle. The company targets early-stage companies with innovative and disruptive technologies in sectors such as fintech, e-commerce, education, agriculture, medical, telecommunications, robotics, and AI. TEK leverages networks in Australia, Israel, and the USA to source high-quality investment opportunities in both listed and unlisted entities.
Average Trading Volume: 194,923
Technical Sentiment Signal: Sell
Find detailed analytics on TEK stock on TipRanks’ Stock Analysis page.