And presumably it means that the shareholders pay CGT at 20% rather than income tax at, probably, 41%?A share buyback is one of the ways a company has to return money to shareholders other than paying a higher dividend. They bacially buy back shares which means fewer shares in the market and therefore the price should rise for the existing shareholders.
And presumably it means that the shareholders pay CGT at 20% rather than income tax at, probably, 41%?
Hi
I'd have said on a general basis, this can also signal that the Board have run out of more intersting and profitable things to do with the cash on hand (such as invest it in the business to generate greater future profits, fund takeovers of other companies to grow the busines etc), hence the share buy back !
.. although Im sure this is not the case at INM
Cheers
G>
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