Immunodiagnostic Systems expands share buyback programme
Source - SMW
Diagnostic testing kits producer Immunodiagnostic Systems Holdings caved into shareholder pressure Thursday as it announced plans to expand its buyback programme and acquire a further 1m shares.
The company said it would acquire 1m shares at 2p each following 'unsolicited' shareholder interest in expanding the existing share buyback programme.
Immunodiagnostic Systems Holdings had run a share buyback programme since 4 July 2017, but had purchased only 66,078 shares under the buyback programme, citing low liquidity.
The company said the new share buyback programme would provide an opportunity for shareholders to access liquidity.
At 9:24am: (LON:IDH) Immunodiagnostic Systems Holdings PLC share price was 0p at 230p