3rd Mar 2025 20:20
Bigblu Broadband PLC - The broadband services provider formerly called formerly Satellite Solutions Worldwide Group PLC - announces plans to return up to GBP6.1 million to shareholders through a tender offer for up to 15.3 million shares at 40 pence each. This follows Bigblu's announcement in December of the completion of the sale of Australian subsidiary SkyMesh, upon which it received a cash payment of AUD30.0 million or around GBP14.9 million. At around that time, Bigblu had disclosed its intention to "return any surplus cash to shareholders". The tender offer is being effected by Cavendish, the company's corporate broker.
Current stock price: 33.00 pence, up 18% in London on Monday
12-month change: down 23%
By Jeremy Cutler, Alliance News reporter
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