permanent tsb Group Holdings (GB:PTSB) has released an update.
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Permanent TSB Group Holdings plc has initiated an Odd-lot Offer to repurchase shares from eligible shareholders owning 100 or fewer shares, offering a 5% premium above market value, aiming to simplify its share register and reduce administrative costs. The offer, which follows shareholder approval, targets a small percentage of shares and is not expected to significantly impact the company’s financials. Shareholders who wish to maintain their holdings must opt out by the specified deadline, with the offer concluding on October 4, 2024.
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