Solidcore to Buy Back Shares Worth Up to $1.2 Billion
Summary
Kazakhstan gold miner Solidcore Resources announced plans to return up to $1.2 billion to shareholders via a share buyback program.
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Kazakhstan-based gold producer Solidcore Resources has announced plans to return up to $1.2 billion to its shareholders through a share buyback program, according to an official corporate release.
Under the tender offer, the company intends to repurchase up to 102.9 million shares. This volume represents approximately 23.2% of its current issued share capital.
The repurchase price has been set at $11.66 per share, representing a premium of around 10% over the volume-weighted average price of the company's securities.
Source: Kursiv
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