15th Jan 2019 18:00
LONDON (Alliance News) - Marwyn Value Investors Ltd said Tuesday it has bought back 4.0 million shares at 130 pence each, for GBP5.2 million.
Shares in Marwyn, which invests in medium-sized companies, closed up 0.2% Tuesday at 123.28 pence each.
Marwyn said the buyback was needed to narrow its share price discount. At the end of November, the net asset value per share stood at 203p, meaning its current share price represents a 41% discount to NAV.
Related Shares:
Marwyn Val.