26th Apr 2019 13:23
LONDON (Alliance News) - Luxury furnishings firm Colefax Group PLC on Friday said it will buyback shares worth GBP4.3 million.
Colefax originally announced the tender earlier April, saying it would buy back up to 784,560 shares, or 8% of its capital.
The price has been confirmed at 550 pence a share, the lower of that and 561.75p, which is 105% of the closing price per share in the five business days prior to Colefax's take-up announcement date on Thursday.
Colefax has taken up the full 8%, costing it GBP4.3 million.
Shares were 1.7% higher on Friday at a price of 544 pence apiece.
Related Shares:
Colefax Grp.