iOCO targets debt reduction and value creation with share buyback
Group lauds its ongoing restructuring underscored by an intense approach to shareholder activism
02 April 2025 - 07:43
UPDATED 02 April 2025 - 17:10
Technology firm iOCO is planning to use its cash resources to buy back its shares and pay down debt, a move that would add to the number of local firms using the tactic to boost shareholder value.
“As soon as we have shareholder approval, we want to utilise available cash to pay down debt and do share buybacks,” co-CEO Rhys Summerton told Business Day on Wednesday as the group — previously trading as EOH — reported half-year earnings. ..
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