31st Mar 2023 14:24
Pantheon Infrastructure - investment fund focusing on infrastructure interests - Announces it is considering a share buyback for up to GBP10 million. This is due to recent share price weakness, which "materially undervalues its portfolio and prospects", it says. Notes share buybacks would be an "attractive use of capital", and it would retain enough capital to invest in its pipeline and maintain dividend payments. It adds: "There is no certainty that any buybacks will be completed and buybacks will only be undertaken where the board believes it to be in the shareholders' interest at the prevailing share price."
Current stock price: 84.20 pence, up 7.1% on Friday
12-month change: down 21%
By Tom Budszus, Alliance News reporter
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