15th May 2018 15:43
LONDON (Alliance News) - Gresham House Strategic PLC said on Tuesday it will start a share buyback programme for a maximum value of GBP1.0 million, in order to reduce its share capital and increase its net asset value per share.
The maximum price to be paid per share is to be 950.00 pence per share. All shares purchased are intended to be cancelled.
If shares to the maximum value of GBP1.0 million have not been acquired before the start of Gresham's closed period, which is Sunday, then it will enter a non-discretionary share buyback arrangement with finnCap Ltd.
Shares in the Gresham House Strategic were up 1.2% at 849.98 pence on Tuesday.
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