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GrowthOps announces $5m share buy-back

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Marketing and technology holding company GrowthOps – which purchased agencies including ALF Partnership and Khemistry – has announced a share buy-back program, just weeks after posting a $48m loss.

The buy-back will extend to up to $5m, or 10%, of its outstanding shares. By ensuring the buy-back impacts less than 10% of shares, GrowthOps does not have to get shareholder approval.

The program will commence on 29 March and be in place for up to 12 months.

GrowthOps said in its ASX announcement that a portion of its $70m IPO valuation had been set aside for an acquisition that hadn’t eventuated, so it was........

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