Polaris buys back $300,000 of its own shares
Created: Mar 17, 2020 08:00 AM (Updated: Mar 17, 2020 08:43 AM)
Share buy-back: Polaris, parent company of the Hamilton docks operator, has bought back more than 46,000 of its shares (File photograph)
Polaris Holding Company Ltd, parent company of Hamilton docks operator Stevedoring Services Ltd, has paid out $300,000 to buy back some of its own shares for cancellation.
In a filing with the Bermuda Stock Exchange, Polaris said it bought the 46,154 common shares from Duck’s Puddle Properties Ltd under an amalgamation agreement dated March 14, 2019.
Polaris announced its acquisition of East End Asphalt during that month.
The shares were repurchased pursuant to BSX Regulation Section IIB 6.14(2)(i), Polaris added.
