permanent tsb Group Holdings (GB:PTSB) has released an update.
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Permanent TSB Group Holdings plc successfully concluded its Odd-lot Offer, purchasing 592,943 of its own shares at a 5% premium to benefit shareholders by reducing costs associated with a large shareholder base, resulting from its demutualization in 1994. This strategic move reduced the number of certificated shareholders by about 90.61%, with the purchased shares set to be cancelled, thereby slightly decreasing the company’s issued share capital and voting rights. Payments to participating shareholders are due to be dispatched by cheque by the 21st October 2024.
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