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Tremor International Ltd on Tuesday said its board has authorised the company to repurchase up to $20 million of its shares, which will be funded through Tremor's own cash resources.
The repurchase program will be managed by broker finnCap Ltd, commence on October 1 and continue until either completed or to the end of April 2023.
Any shares acquired will be reclassified as dormant shares and will be held in treasury.
Shares in the London-listed digital advertising firm were down 1.6% at 319.50 pence on Tuesday in London.
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