Ascendant Group Share Repurchase Program

May 20, 2017

In a filing with the Bermuda Stock Exchange, Ascendant Group Limited announced a repurchase of up to 200,000 shares through a further share repurchase program.

The full filing stated,  ”Ascendant Group Limited [the “Company”] announces that, given the Company’s existing share repurchase program expired today [May 19], its Board of Directors has authorized the repurchase of up to 200,000 shares through a further share repurchase program.

“The authorized share repurchase program represents approximately 2% of the Company’s overall listed securities and is being implemented for the purpose of improving shareholder liquidity. The Company may commence repurchases pursuant to this share repurchase program effective May 23, 2017.”

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Comments (3)

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  1. Family Man says:

    This must be how Belco invests in their infrastructure. No need to replace the transmission lines, just repurchase the shares instead.

  2. 32n64w says:

    Thought they were supposed to be worried about allocating funds for capital infrastructure investment?

  3. Kathy says:

    They would rather increase the value of their shares than worry about future infrastructure. WE are supposed to pay for that anyway!