Ascendant repurchases 710,000 shares
Created: Nov 25, 2016 12:00 AM (Updated: Nov 25, 2016 03:45 PM)
Stock news: Ascendant Group, the parent of Belco, has repurchased 6.6 per cent of its listed shares
Ascendant Group Limited, the parent company of Belco, has repurchased 710,000 of its own shares.
The shares were bought at price of $7 each, and 6.6 per cent of Ascendant’s overall listed securities issued as at the date of the trade.
In a statement released through the Bermuda Stock Exchange, Ascendant stated it intends to cancel 595,000 of the listed securities repurchased and retain the remainder as treasury shares to be used for general corporate purposes.