1st Apr 2019 07:57
LONDON (Alliance News) - Micro Focus International PLC is to return a further USD1.8 billion to shareholders, on top of the USD510 million worth of shares bought back since last August.
The enterprise software firm's return will be equivalent to between USD4.33 per share and USD4.39 per share. The firm is to also consolidate its share capital, giving 0.8296 new shares for each existing share held.
Micro Focus has called a general meeting for shareholders to vote on the move, which will be held on April 29.
The return follows the sale on its SUSE business to Swedish buyout group EQT Partners last summer for USD2.54 billion. In mid-March, Micro Focus had confirmed plans to return the cash via a B share scheme.
Related Shares:
MCRO.L