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03 Sep 2019 | 13:59

Elektron Technology to launch £81m share buyback

Elektron Technology said it would launch an £81m share buyback after receiving shareholder and Austrian competition regulator approval for the sale of its Bulgin business.

The asset was sold to funds managed by Equistone Partners Europe.

Shareholders would be allowed to tender for repurchase by the company of two shares for every three shares owned, at a price of 65p. At 1:59pm: (LON:EKT) Elektron PLC share price was +1.5p at 56p

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