Shareholders approve AssetCo share buyback scheme

Maximum of £7.5m

Shareholders of AssetCo have approved the company’s share repurchase programme, which will see up to £7.5m worth of shares returned to shareholders.

The programme was passed at a general meeting on 28 September and will commence today (29 September). It will see the purchase of up to 14,929,297 ordinary shares, representing up to 10% of the company's issued capital. In a stock exchange announcement, the company said share repurchases will take place in "open market transactions" and "may be made from time to time depending on market conditions, share price and trading volume". Jupiter multi-asset head Talib Sheikh departs amid fund range restructuring According to the terms of the of the programme, maximum price paid for an ord...