Albion Venture Capital (GB:AAVC) has released an update.
Albion Venture Capital Trust PLC recently bought back 2,346,236 of its own shares at 41.62 pence each, which amounted to 1.70% of its pre-transaction voting rights, and subsequently cancelled them. Post-purchase, the company’s capital consists of over 157 million shares, with about 22 million held in treasury, leading to an adjusted total voting rights figure of approximately 135.7 million. This share buyback could potentially signal a strategic move to enhance shareholder value and impact share price dynamics.
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