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DUBLIN - Malin Corporation (OTC:MLLNF) plc, a company listed on Euronext (EPA:ENX) Dublin, has completed the acquisition of 14,563,106 Ordinary Shares at a price of €10.30 per share, amounting to a total expenditure of approximately €150 million. The shares, which were bought back under the terms of a previously announced Tender Offer, were acquired from Davy, a financial services firm.
The repurchased shares, which constituted about 77.1% of Malin’s issued ordinary share capital immediately before the buyback, are being cancelled today. This significant reduction in outstanding shares leaves Malin with an issued ordinary share capital of 4,326,168 shares following the cancellation. As a result of the cancellation, the remaining shareholders may need to reassess their percentage holdings in the company.
Malin Corporation has stated that it does not hold any shares in treasury following the transaction. The capital reduction is part of a strategic move by the company, as outlined in the shareholder circular published on February 19, 2025, to return value to shareholders and possibly restructure its capital.
The financial implications of the share repurchase and cancellation for shareholders and the company are substantial, as the reduction in the number of shares outstanding could potentially affect the earnings per share and the market valuation of Malin.
Investors and market watchers may view this move as a sign of Malin’s confidence in its financial health and future prospects. The cancellation of such a significant portion of its share capital suggests a strategic approach to managing its equity structure and shareholder value.
This information is based on a press release statement issued by Malin Corporation on March 21, 2025, and provides shareholders and the market with the latest developments regarding the company’s share capital and financial maneuvers.
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