BP Marsh continues share buyback strategy
Insurance venture capital firm BP Marsh bought back 38,612 shares
for a total cash consideration of £56,580 for the year ended
31 January 2016, it announced in a trading update released today (9
February).
BP Marsh said that it undertook a number of low volume daily
share buybacks to take advantage of the shares' significant
discount to net asset value.
"The board believes that these buybacks, whilst low-volume,
are a useful stabilising mechanism, and have proved to be so
particularly...
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