Orora cancels 8.4 million shares in on-market buy-back
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Orora Limited has cancelled 8,441,492 ordinary shares following an on-market buy-back, effective March 31, 2026. This reduction in issued capital may enhance earnings per share and reflects the company's ongoing capital management strategy. The move signals Orora's commitment to disciplined capital allocation and could influence investor perceptions of its long-term prospects. The latest analyst rating for Orora (AU:ORA) is a Hold with a price target of A$2.00. Orora is an Australia-based packaging company listed on the ASX under the code ORA, with a current market cap of A$2.32B.
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