Colefax (GB:CFX) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.
For further insights into GB:CFX stock, check out TipRanks’ Stock Analysis page.