Long4Life may spend a third of its cash pile to buy back shares
15 October 2019 - 08:39
Long4Life, Brian Joffe’s investment group, said on Tuesday that it is seeking to reward shareholders by spending as much as R217m in buying back its own shares.
At af maximm price of R4.35 for each of the 50-million shares, the buyback programme would represent up to a 5.84% premium to the group’s share price as of Monday’s close. By 10.42am on Tuesday, the company’s share price had risen to R4.35...
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