Bitcoin price today: dips to $92k as Fed cut doubts spark risk-off mood
LONDON - OPG Power Ventures plc (AIM:OPG), the developer and operator of power generation assets in India, announced Wednesday plans to return up to £11.41 million to shareholders through a conditional share buyback offer and to cancel its listing on London’s AIM market.
The company is offering to purchase up to 182 million ordinary shares, representing approximately 45.42 percent of existing shares, at a fixed price of 6.27 pence per share. The buyback price represents a 15 percent premium to the closing price of 5.45 pence on November 4, 2025.
The share buyback offer is conditional on shareholder approval at the company’s annual general meeting scheduled for December 3, 2025. If approved, the buyback will close on December 12, with shares purchased on December 18.
OPG also seeks shareholder approval to delist from AIM, with the cancellation expected to become effective on December 24, 2025. Following delisting, the company plans to implement a matched bargain facility through JP Jenkins to facilitate trading in its shares for at least six months.
The company cited several reasons for the delisting, including its small size limiting investor interest, insufficient liquidity in its shares, and the disproportionate costs of maintaining an AIM listing relative to benefits.
OPG reported that its Family Concert Party, which includes CEO Avantika Gupta and family members, currently holds 51.53 percent of the company’s shares and will not tender any shares in the buyback.
In a trading update, OPG reported expected H1 FY26 revenue of £71 million, down 18.2 percent from £86.9 million in H1 FY25, with EBITDA falling to approximately £5.5 million from £8.8 million. The company cited subdued electricity demand growth, increased installed capacity in India, and the early onset of monsoon as factors affecting performance.
The information is based on a company press release.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.