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# What is a Share Buyback?

Repurchases or a buyback of shares are when a company that issued the shares repurchases the shares back from its shareholders. During a repurchase or buyback, the company pays shareholders the market value per share. With a repurchase, the company can purchase the stock on the open market or from its shareholders directly. Share repurchases are a popular method for returning cash to shareholders and are strictly voluntary on the part of the shareholder.

Reference: [Investopedia Repurchases and Redemptions](https://www.investopedia.com/ask/answers/13/difference-between-redemption-and-repurchase-of-shares.asp)