LONDON (Alliance News) - Taptica International Ltd said Thursday it has suspended its share buyback programme after entering discussions with a possible acquisition target.
The advertising company said these discussions are preliminary, and did not disclose the name of the target acquisition.
Taptica said that the buyback programme will recommence if the acquisition talks are terminated, provided it is not in a close period for a different reason.
"A further announcement will be made in due course. There can be no certainty that any transaction will follow or regarding the terms of any such transaction," said Taptica.
Shares in Taptica were up 3.5% at 163.50 pence on Thursday in London.