IN BRIEF: Celebrus Technologies launches USD2 million share buyback
Celebrus Technologies PLC - London-based data solutions for marketing and fraud prevention - Starts share buyback worth about USD2.0 million. The buyback of up to 3.0 million shares will be run by broker Cavendish. It starts on Wednesday and will be completed by February 11 next year. All repurchased shares will be held in treasury to satisfy employee share awards and other share schemes. The UK Takeover Panel has confirmed that Mission Trail Capital Management LLC, Celebrus's largest shareholder with a 29.98% stake, will not be required to make an offer for the company, even though its holding will rise to 32.60% as a result of the buyback, Celebrus says. Read More