RE: We now have 4,925,000 shares in Treasury ๐ช8 Jun 2023 19:58
'Can't see why a non-shareholder would have any objection to the company retaining the shares bought in the capital reduction process. There are advantages and disadvantages to not cancelling them and in my opinion right now, they are worth holding, based on the present SP, the prices being paid and the potential value they could realise this year if utilised towards a new asset/acquisition. There is no rush to cancel them, they have no voting rights and are not part of any dividend. The company is awaiting planning decisions that could incur new costs on top of their present known expenditures and keeping a strong cash balance and optional financial asset is a prudent action. We are in am extremely strong position in comparison to many of our peers and other AIM companies and holding that position is something I wholly support the management in. Everyone has an opinion as to what should happen to these treasury shares but it's early days.'
I reiterate TheAimCasino's post