Tender offer RNS4 Feb 2016 07:15
In the year ended 31 August 2015, the Group generated an underlying profit before taxation of £5.7 million including realised gains of £5 million. Consequently the Board has resolved to undertake a buyback programme of up to 20% of the realised gains, post taxation, by way of the Tender Offer. In addition, the Group generated an unrealised return of 160% on its portfolio assets, 20% of which could be available for future Tender Offers.
More details in RNS.