ELB share price soars amid delisting and buyback plans
ELB intends to acquire all ordinary shares at R2 each through a scheme, as well as a conditional general offer for the same price
01 July 2020 - 18:56
Engineering group ELB’s share price surged by more than 50% on Wednesday after the company announced its plans to buy back shares and delist from the JSE.
ELB, which has a market capitalisation of about R60m announced its intention to acquire all ordinary shares at R2 each through a scheme, as well as a conditional general offer for the same price...
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