RE: Share BuyBack17 Jun 2021 08:29
In terms of the mechanics there may be more options but this is one way:-
Company gives a ceiling on the total spend, a start and finish date. In terms of the purchasing mechanism it can work like the below:-
The maximum price paid per ordinary share shall be no more than 5 per cent above the average of the middle market quotation of the Company's shares for the five business days prior to the day the purchase is made.