RE: Buyback22 May 2024 15:56
The proposed buy back has nothing to do with share save/employee/management incentive schemes. These schemes would already have been in place, so the main purpose is to reduce the shares in circulation. Each share holder will own a larger slice of the company, but vod still have to pay for the buy back, so it may be a good move or not, only time will tell, but I think a good move. Buy backs for cancelation are good if the sp rises from the buy back price, but bad if lt falls,(common sense). So it is back to the old crystall ball.