29th Oct 2018 13:07
LONDON (Alliance News) - Alpha Real Trust Ltd on Monday said it bought back 1.6 million shares pursuant to a tender offer to buy back 5.0 million shares at 138 pence each.
The company said the shares tendered represent 2.3% of the company's shares in issue.
Alpha Real Trust will cancel 1.4 million of the bought back shares and will keep in the treasury 196,371 shares.
After the buy-back, the trust will have 69.1 million shares in issue, including the ones held in the treasury.
Shares in Alpha Real were up 2.5% at 139.93p on Monday.
Related Shares:
Alpha Real