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LONDON - GlobalData Plc (AIM:DATA.L), a provider of industry intelligence, announced Friday that shareholders have approved a special resolution authorizing the company to repurchase up to 40 million ordinary shares at £1.50 per share.
The resolution, which enables a tender offer of up to £60 million announced on August 5, was passed with unanimous support at a general meeting held earlier today. According to the company, 100% of votes cast were in favor of the measure, with only 21,492 votes against and 33,045 votes withheld.
The tender offer will close at 1:00 pm on September 5, with GlobalData expecting to announce results on September 8. The company reported that the vote represented 77.28% of its issued share capital, with 623,267,046 total votes cast.
GlobalData’s current issued share capital consists of 806,534,103 ordinary shares as of August 29.
The tender offer is being facilitated by Investec, Panmure Liberum, and J.P. Morgan Cazenove acting as brokers to the company.
This article is based on a press release statement from GlobalData Plc.
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