RE: Total Voting Rights and Share Capital7 Mar 2025 14:36
Get
''they can change the Articles of Association with Board approval at any point they wish''
any changes to the AoA have to be approved be shareholder - at least 75% i beleive.
''indicate that they wish to sell them to a predator''
crazy statement
''No company is going to cancel shares and then issue new shares to enable a staff incentive scheme''
??
that is what many companies do. Lloyds bank do not hold shares in treasury. There repurchase of shares in buyback programmes are cancelled as soon as the transaction completes, and thus reducing share capital.
New shares are issued by them as and when necessary to fulfil staff schemes, an thus increasing share capital.
''I find it baffling that anyone thinks that buying back large numbers of shares and placing them in Treasury has no impact on the share price or value of the company''
The market cap (valuation) is based on shares in issue which dos not include shares in treasury. If the market maintained/or increased a valuation of a business when shares in issue are being reduced then the price per share would increase.
''they are effectively a legal support operation.''
NO, they are a return to shareholders by way of a reduction of share capital. That is the sole purpose. The market determines the valuation/share price n a daily basis.
''if you could place say 5% of a companies shares in Treasury there is a double effect because a predator does not have this 5% of the company.''
What the fck is this nonsense statement.
''I have no intention of fully explaining how buying shares in the market & placing them in Treasury impacts the share price and value of BP''
thank fck for that as you appear to be a bit clueless.
It is the market that determines the valuation of BP on a daily basis - simple - end of
''With a market capitalisation of Β£64.57 billion the visible impact of having say Β£300m held in Treasury shares will be obscured, but that does not mean that the effects on the value of BP do not exist!''
more nonsense.
The market cap is based on the shares in issue. If shares in treasury were sold back into the market then that would mean that any market cap would be based on an increased share count. If the market placed a maintained a valuation, that would mean a reduction in price per share.