Stock-market listed company wants permission to ‘conduct off-market purchases’ of billionaire’s sharesMike Ashley’s Frasers Group is seeking approval for the billionaire entrepreneur to cash in £585m of shares which could be bought back by the company in a private deal.Under the plan, the stock-market listed retail group said it wanted permission to buy back the shares privately from Ashley – in one or several transactions – at the market price at the time. Continue reading…
Source link : https://www.theguardian.com/business/article/2024/aug/23/fraser-group-seeks-approval-for-mike-ashley-to-cash-in-585m-in-possible-buyback-deal
Author : Sarah Butler
Publish date : 2024-08-23 18:00:58
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Fraser Group seeks approval for Mike Ashley to cash in £585m in possible buyback deal
