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AGS board approves share repurchase programme

13th August 2019 7:08 am GMT

New York-listed gaming supplier AGS has secured board approval to conduct a buyback of up to $50m in common stock over the next two years.

The share repurchase plan follows last Thursday’s 51 per cent fall in AGS’ share price, after the company reported slower overall revenue growth in the second quarter and a decline in revenue from its interactive division.

“This share repurchase program demonstrates our board of directors' confidence in the continued strength and long-term [...]

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