Q: Greetings 5i team.
As follow-up to Grants Q of Nov 17, please go into more detail re: the substantial issuer bid LNF announced. It appears to put a floor on the downside through Dec 30th at 24.30 and caps the upside at 25.05. Is this correct? Are they doing this based on actual shares traded that we see, or do they intend to buy most of this through block transactions? The average daily traded shares do not appear to add up to the number they are trying to purchase.
Many thanks for your help.
As follow-up to Grants Q of Nov 17, please go into more detail re: the substantial issuer bid LNF announced. It appears to put a floor on the downside through Dec 30th at 24.30 and caps the upside at 25.05. Is this correct? Are they doing this based on actual shares traded that we see, or do they intend to buy most of this through block transactions? The average daily traded shares do not appear to add up to the number they are trying to purchase.
Many thanks for your help.