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Immedia ( (GB:BANK) ) has issued an update.
Fiinu Plc said its Employee Benefit Trust, administered by Equiniti Trust (Jersey) Limited, has purchased 1,108,108 ordinary shares in the market at prices between 8.75p and 9.25p to meet future obligations under the company’s share incentive schemes. The ongoing buybacks, which may continue at the discretion of the independent trustee, underscore Fiinu’s use of equity-based remuneration and could modestly support the share price while aligning employee incentives with shareholder interests.
More about Immedia
Fiinu Plc, which trades on AIM under the ticker BANK, operates in the financial services sector and has established a group-wide Employee Benefit Trust to support its share-based incentive arrangements for staff and management.
Average Trading Volume: 467,791
Technical Sentiment Signal: Hold
Current Market Cap: £35.29M
For an in-depth examination of BANK stock, go to TipRanks’ Overview page.