Circassia Pharmaceuticals (GB:NIOX) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
NIOX Group PLC has successfully completed its tender offer, purchasing 26.25 million ordinary shares at 80 pence each, returning approximately £21 million to shareholders. This move, involving significant shareholders like Harwood Capital and AstraZeneca, is deemed a related party transaction but is considered fair by independent directors. Post-tender, the company will have 397.88 million shares with voting rights, providing a new baseline for shareholder interest calculations.
For further insights into GB:NIOX stock, check out TipRanks’ Stock Analysis page.