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.