23 October 2023 - trading update/tender offer
The company has released details of a tender offer with it offering to buy up to 5m shares at a price of 62p per share. This price is a premium of 39.3% to last Friday's closing price and is just below the 52 week high of 64p reached in August. The rationale behind the offer is to provide chairman Jeff Baryshnik (the company's largest shareholder) and other shareholders with an opportunity to sell shares in an orderly manner. The company also believes that even at the 62p level, the tender . . .
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