Trans-Siberian Gold is proposing to buy back 22,894,565 existing shares from two of the major shareholders within UFG Asset Management (UFG) at an attractive discount to the market price (33p vs 57p current price). As part of the transaction further shares will be sold by the same shareholders to other members of the UFG Group, Directors and to new investors. The share sales, together with the buy back, will reduce the dominance by UFG of the share register and benefit shareholders as a whole
16 May 2019
Confirmation of debt financing
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Confirmation of debt financing
- Published:
16 May 2019 -
Author:
Charles FitzRoy -
Pages:
5
Trans-Siberian Gold is proposing to buy back 22,894,565 existing shares from two of the major shareholders within UFG Asset Management (UFG) at an attractive discount to the market price (33p vs 57p current price). As part of the transaction further shares will be sold by the same shareholders to other members of the UFG Group, Directors and to new investors. The share sales, together with the buy back, will reduce the dominance by UFG of the share register and benefit shareholders as a whole