tiprankstipranks
Globaltrans Sets Stage for GDR Buy-back
Company Announcements

Globaltrans Sets Stage for GDR Buy-back

Globaltrans Investment GDR RegS (GB:GLTR) has released an update.

Don't Miss Our Christmas Offers:

Globaltrans Investment PLC successfully conducted its adjourned extraordinary general meeting (EGM) where shareholders approved the acquisition of global depositary receipts (GDRs) at RUB 520 each, setting the stage for a company buy-back. The Board of Directors subsequently outlined the tender offer’s terms and scheduled the acquisition to commence on 8 October 2024, with completion expected by 6 November 2024. Shareholders and the public can access the details of the meeting and resolutions online.

For further insights into GB:GLTR stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskGlobaltrans Faces Market Challenges Amid Restructuring Moves
TipRanks UK Auto-Generated NewsdeskGlobaltrans Completes Major GDR Tender Offer
TipRanks UK Auto-Generated NewsdeskGlobaltrans to Delist GDRs from London Stock Exchange
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App