27th Nov 2015 08:14
LONDON (Alliance News) - LMS Capital PLC on Friday said it plans on returning GBP40.0 million to shareholders through a tender offer and repurchase of up to 29.98% of its shares.
The tender offer would be the fourth since LMS Capital's realisation strategy was approved in November 2011.
It would increased the amount returned to shareholders since that strategy began to GBP155.0 million.
Shares in LMS were up 6.4% at 76.33 pence on Friday morning, one of the best performers in the FTSE All-Share.
By Samuel Agini; [email protected]; @samuelagini
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