Helia Initiates AU$100 Million Share Buyback

Helia Group Limited (ASX: HLI), a listed lenders mortgage insurance business, is embarking on a significant share buyback program, aiming to repurchase up to AU$100 million worth of shares, equivalent to 9.3% of its current issued capital. This move signals the company's confidence in its financial position and future prospects.

Notably, shares closed at AU$3.70 on Thursday, indicating investor interest and potentially bolstering the buyback initiative. The buyback not only underscores Helia's commitment to enhancing shareholder value but also suggests a strategic approach to capital management. As the company proceeds with this repurchase plan, investors anticipate potential positive impacts on shareholder returns and market sentiment regarding Helia's performance and stability.

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