DUPD announces USD 5 mln share buyback

DUPD (DUPD LN) yesterday announced a tender offer to buyback up to 8,331,000 ordinary shares at a maximum aggregate value of USD 5.0 mln and a share price range of GBp 30 to GBp 44. The offer is subject to shareholder approval at an EGM on December 12. The company’s board currently has the right to purchase shares at up to GBp 35/share, while the market price moved up to GBp 40/share as of December 5. The record date for the tender offer is December 22.