Trikona announces buy-back.
Investors Chronicle - magazine and web content, May, 2009
Byline: Claer Barrett
SHARE TIP UPDATE: Indian property player surges on buy-back deal
Aim-traded Indian property play Trikona Trinity has announced its intention to buy back 19.3m shares for cancellation at a maximum price of 60p a share.
Following March's boardroom battle http://www.investorschronicle.co.uk/Companies/ByEvent/BoardroomNews/Inbrief/article/20090325/3b34ca88-191c-11de-9423-001 44f2af8e8/Trikona-soars-on-breakup-deal.jsp March's boardroom battle with activist investor QVT, which controls a 27 per cent stake, Trikona agreed to return money to shareholders via share buy-backs and staged disposals of its Indian property projects.
Since then, 3.25m shares have been repurchased and cancelled, which has gone some way to...
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