Albion Development VCT (GB:AADV) has released an update.
Albion Development VCT PLC has announced the buyback of 757,508 of its own ordinary shares at 86.72 pence each, which constituted 0.51% of the company’s total voting rights prior to the transaction. These shares are set to be cancelled, which following the buyback, leaves the company with a total of 148,089,149 voting rights. The share buyback is part of the company’s capital management strategy, adjusting the number of shares in circulation.
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