RE: Will BB Return1 Jun 2026 12:56
Information on BBs is almost as opaque as derivatives and various debt levels / costs.
RNS from 26 Feb declares a new BB regime of up to 7,800,000 shares.
At that point there were approx 78,000,000 shares in issue (so BBs approved for 10% of outstanding shares).
RNSs for two subsequent BBs;
11 Mar 3,750,000 shares bought from EIG @ $14.31
19 Mar 300,000 shares @ $14.20
Yet number of shares in issue has reduced to 72,300,000 - so 5,700,000 less, despite only notifications of buying just over 4,000,000!
So still scope to buy at least another 2,000,000 if they have the spare cash.
Who knows???