Orchard Funding (GB:ORCH) has released an update.
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Orchard Funding Group PLC has announced a strategic shift in their capital allocation policy, including halting dividends for the current financial year to potentially facilitate a future tender offer to shareholders. The move comes after considering the high costs of regulatory compliance, lack of sufficient investor interest, and low trading liquidity of its shares on the AIM market. The company is pivoting to enhance business operations and strategic flexibility in lending activities.
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