Colefax (GB:CFX) has released an update.
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Colefax Group PLC has announced a share buyback program to purchase up to £4.85 million worth of its ordinary shares through a reverse bookbuild process. This initiative, aimed at enhancing earnings per share, allows shareholders to sell their shares without incurring formal tender offer costs. The buyback, managed by Peel Hunt LLP, will reduce the company’s share capital and is seen as beneficial for both the company and its shareholders.
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