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IMB repurchases A$16.5M worth of shares

IMB Ltd. completed its share buyback program after repurchasing 3.49 million shares for A$16.5 million.

The company repurchased the shares at A$4.73 per share, according to a Dec. 15 release.

Under the program, announced in October, IMB planned to repurchase up to A$18 million worth of its ordinary shares.

As of Dec. 14, US$1 was equivalent to A$1.33.