Purpose of the share issue and cancellation was to convert its £205,717,000 merger reserve into a distributable reserve is expected to be held on 13 September 2022.
Having traded this from 85p post covid reducing at it rose way past £2.20 earlier this year have been racking in since 130p again. With the dividend potential of the dividend returning these levels are attractive despite the malaise with energy costs.
At some point the malaise will pass and the 115p /118p will seem inspired long term even if it returns to 85p in the near term.
What a star today. Counterbid, who knows but sold recent purchases and continue to hold 10k shares at net cost of £ NIL a stop loss in place to await developments.