August 2016 Ascendant Group Share Buybacks

September 8, 2016

In a filing with the Bermuda Stock Exchange [“BSX”], Ascendant Group Limited advised that pursuant to its share repurchase programme, during the month of August 2016 the company repurchased 24,954 common shares at an average price of $5.60. The Company advised the repurchased shares have been reserved for issuance.

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  1. Family Man says:

    After winning massive rate increases based on the need to further invest in their infrastructure, this is how they use their funds? Instead if reinvesting in upgrading their electric generating capacity they repurchase shares in order to increase the value of the remaining shares and generate bigger bonuses for management.

    Nice.