In QuotedData’s morning briefing 7 June 2024:
- Pantheon International (PIN) has announced that, following the announcement of its capital allocation policy (CAP) on 16 May 2024, it has appointed Investec Bank and J.P. Morgan Securities to undertake an ongoing share buyback programme for the company. The maximum price payable is an amount equal to the higher of either: 105 per cent. of the average market value of the Company’s Shares for the five business days immediately preceding the day on which such Share is contracted to be purchased; or the higher of the price of the last independent trade and the highest current independent bid on the London Stock Exchange. PIN has remaining authority to repurchase a maximum of 67,002,984 Shares before its next AGM, which will be held in October. Trading decisions under the Share Buyback Programme will be made independently of the Company and the intention is that all repurchased shares will be cancelled.
We also have:
- The passing of Andy Ho, CIO of VinaCapital (manager of VinaCapital Vietnam Opportunity)
- Annual results from Worldwide Healthcare