16th Apr 2015 07:52
LONDON (Alliance News) - AIM-listed investing company Sarossa PLC saw its shares rise early Thursday after it said it will seek permission from its shareholders for a share buyback.
The company said it will seek to buy back up to 95.9 million shares. Shares in the company were up 9.4% to 1.979 pence in early trade Thursday.
At that price, the share buyback would be worth a total of GBP4.8 million.
It will hold a general meeting on May 13 to vote on the proposal.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.