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IN BRIEF: Minds + Machines completes GBP58 million tender for shares

Tue, 5th Oct 2021 11:41

Minds + Machines Group Ltd - London-based domains owner - Tender offer for shares closes on Friday last week fully subscribed. Minds + Machines buys back 604.2 million shares at 9.60 pence each, worth GBP58.0 million in total. The shares purchased in the 1-for-1.45 tender offer will be cancelled, reducing the total issued to 271.3 million. Last week, Minds + Machines reported a narrowed pretax loss of USD778,000 for the six months to June 30 compared to USD1.3 million a year prior.

Current stock price: 8.70p

Year-to-date change: up 72%

By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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