Shareholders in Edinburgh Dragon will be encouraged to vote in favour of continuing the trust's shar...
Shareholders in Edinburgh Dragon will be encouraged to vote in favour of continuing the trust's share buy-back facility. The issue will be raised at the trust's AGM on 27 November. Since 1998, the board has been able to buy back up to 15% of shares per year whenever the discount widens beyond 15%, the point at which a buy-back is triggered. During the past year this facility has been used to buy back and cancel some 2.6 million ordinary shares. So far in 2000 the discount has been volatile. It reached 22% earlier in the year before narrowing to 12.8% by the end of August. It now stands ...
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