Real Estate Credit Investments to Buy Back Shares Up to GBP5 Mln
By Michael Susin
Real Estate Credit Investments said that it intends to return up to 5.0 million pounds ($6.4 million) to shareholders through a share buyback program.
The company said on Thursday that the program, which has been launched with immediate effect, will last until March 31.
It added that shares will be purchased at a maximum of 105% of the average price for the five business days preceding the date of purchase.
Write to Michael Susin at michael.susin@wsj.com