PV Crystalox Solar plc announces an Equity Buyback for 3,636,363 shares, representing 49.9% for £2 million.
July 16, 2020 at 02:00 am EDT
PV Crystalox Solar plc (LSE:PVCS) announces a share repurchase program. Under the program, the company will repurchase up to 3,636,363 shares, representing up to 49.9% of issued share capital for £2 million. The shares will be repurchased at £0.55 per share. The completion of the Tender Offer will be conditional on shareholder approval of the Tender Offer at the General Meeting on 9 September 2020. The offer will expire on September 9, 2020.