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Sherborne Investors (Guernsey) C Ltd. ( (GB:SIGC) ) has shared an announcement.
Sherborne Investors (Guernsey) C Limited has announced its upcoming Annual General Meeting (AGM) and a proposal for a share buyback program. The company is seeking shareholder approval to repurchase up to 14.99% of its issued share capital, which could increase the voting interest of the Concert Party to 35.25%, necessitating a waiver from Rule 9 of the Takeover Code to avoid a mandatory offer to all shareholders. The waiver is subject to approval by independent shareholders, and the directors recommend voting in favor of the resolution.
More about Sherborne Investors (Guernsey) C Ltd.
YTD Price Performance: -16.16%
Average Trading Volume: 725,787
Technical Sentiment Signal: Buy
Current Market Cap: £287M
Learn more about SIGC stock on TipRanks’ Stock Analysis page.