LONDON (Alliance News) - Macau Property Opportunities Fund Ltd Thursday said it purchased 450,000 of its own shares at 210 pence each on Wednesday, which will be cancelled, while Sniper Investments Ltd bought 250,000 shares at the same price.
Macau's purchase represents 0.6% of its total outstanding shares in issue, and following cancellation of the shares, its issued share capital will be 77.5 million ordinary shares.
Further opportunistic purchases of its own shares may be considered by the board at suitably attractive prices, Macau said.
Following Sniper Investments' purchase, it has a beneficial interest of 10.7 million shares, representing 13.7% of Macau's issued share capital.
Shares in Macau were trading up 0.6% at 209.80p Thursday morning.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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Macau Property (MPO)