RE: Share Buybacks1 Nov 2021 22:38
I've tried to do some homework, new territory for me, but here goes:
Share capital = 58,909
Share Premium = 131,451,482
Nominal value = (58909+131451482) / 400,733,511 = 0.32817
Max No of shares that can be purchased with a total nominal value of £8,836.35 = 883635 / 0.32817 = 2,692,614
So it seems that they can only purchase up to about 2.6 million shares.
Please correct me if I'm off track