Anglo Pacific Group PLC - natural resources royalties business based in London - Announces plans for GBP5 million buyback programme. "The Anglo Pacific board believes that at the current price the company's shares offer significant value given the implied discount to its underlying net asset value and other valuation metrics. The company has, therefore, taken the decision to implement a share buyback programme, in order to return value to shareholders in a manner which is accretive to our key performance indicators," Anglo Pacific said.
Current stock price: 115.80 pence
Year-to-date change: down 40%
By Eric Cunha; ericcunha@alliancenews.com
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