PSPI has used c.£11.5m of its available cash balances to effect a redemption through a mandatory purchase for cancellation of c.22.5m of the shares in issue at 51.0p per share. There are now 227,655 shares in issue. The remaining funds of up to a net £1.2m (after deducting net current liabilities of £0.3m) are likely to be returned as and when some warranties on contingent and actual liabilities relating to the disposals expire during 2016 and following the anticipated various professional advis ....
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Updated target price following share redemption
- Published:
08 Jul 2016 -
Author:
Robert Sanders -
Pages:
2
PSPI has used c.£11.5m of its available cash balances to effect a redemption through a mandatory purchase for cancellation of c.22.5m of the shares in issue at 51.0p per share. There are now 227,655 shares in issue. The remaining funds of up to a net £1.2m (after deducting net current liabilities of £0.3m) are likely to be returned as and when some warranties on contingent and actual liabilities relating to the disposals expire during 2016 and following the anticipated various professional advis ....