31st Jan 2019 16:48
LONDON (Alliance News) - Greencore Group PLC on Thursday said it has repurchased shares worth GBP509.0 million as its previously announced tender offer was fully taken up.
The company has acquired 261.0 million shares, or 36.92% of its issued capital.
The offer, priced at 195.00 pence per share, was oversubscribed with a total of 296.2 million shares tendered by qualifying shareholders, the company explained.
Following the offer, and the cancellation of shares purchased, Greencore now has 445.9 million shares issued overall.
Greencore shares closed down 5.9% at 193.00p each.
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