28th Apr 2015 09:50
LONDON (Alliance News) - Public Service Properties Investments Ltd Tuesday said it has compulsorily redeemed 67.5 million shares at 23.875 pence per share, for a total consideration of GBP16 million, as part of the compulsory partial redemption plan announced on April 14.
The company said its registrar is expected to make payment on May 1 either through Crest or by cheque depending on how shareholders held their shares on the record date on April 24.
Shares in the company were trading up 1.4% at 26.86p Tuesday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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