Elektron Technology said it would launch an £81m share buyback after receiving shareholder and Austrian competition regulator approval for the sale of its Bulgin business. The asset was sold to funds managed by Equistone Partners Europe. Shareholders would be allowed to tender for repurchase of two shares for every three shares owned, at a price of 65p. At 1:59pm: (LON:EKT) Elektron PLC share price was +1.5p at 56p
Sign up to our
Subscribe to the latest investing news by entering your email address below
You can opt out at any time.
For five days a week you will get
- The latest company news
- Insight into investment trends
- Round-up of director's buys and sells
- Articles from Shares magazine
Plus more useful investment content and occasional promotional offers.
UK 350 Risers and Fallers
Tweets not available.