Authority of the Company to purchase its own shares (Resolution 20)10 May 2022 08:25
Authority of the Company to purchase its own shares (Resolution 20)
Resolution 20 is being proposed to renew the Directors’ authority to purchase up to 137,299,544 ordinary shares which,
at 5 April 2022 (being the last practicable date prior to the publication of this notice), represented just less than 10% of the
Company’s issued share capital. This authority will only be exercised if, having taken account of the likely impact on the
financial position of the Company, the Directors are satisfied that any such purchase will be in the best long-term interest
of shareholders.
This needs to happen. Share price is too undervalued and manipulated that a little share buyback can put more sense in the valuation.