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Alliance News

Volvere To Repurchase GBP16 Million Worth Of Shares Under Tender Offer

Wed, 12th Jun 2019 19:05

(Alliance News) - Volvere PLC said Wednesday it will purchase GBP15.7 million worth of shares pursuant to a previously announced tender offer.

Under the tender offer, 1.2 million ordinary shares were validly tendered, being 38.92% of the company's issued shares capital and, as a result, the offer was not fully subscribed.

The company also said Chief Executive Officer Jonathan Lander and Chief Operating Officer Nicholas Lander participated in the tender offer, selling in aggregate 569,930 shares at a price of 1,290 pence per share.

Shares in the industrial holding company closed at 1,266.00 pence each on Wednesday, down 1.9%.

By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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