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LONDON (Alliance News) - Thalassa Holdings Ltd on Wednesday said it has approved a new buyback authority to allow it to buy back shares it did not complete in a previous programme.
In October, Thalassa said it was to buy GBP6 million of shares, up from GBP4 million previously.
It has since bought GBP4.2 million of those shares, at an average price of 88.01 pence, and is now to make up the rest of that to GBP6 million. Thalassa shares were untraded Wednesday, last quoted at 82.01p.
The new programme will not be affected by Thalassa's GBP9.0 million offer for Local Shopping REIT PLC shares it does not already own. It currently has a 26% stake.
