I guess most people were looking for this one thing in the announcement:
All capital return options were reviewed and after careful consideration, including taking into account
shareholder feedback and input from advisors, the Board will propose to the 2022 Annual Shareholder
Meeting a return of capital of approximately $70 million through a Court sanctioned pro rata share
cancellation – a return of approximately 40 cents per share held on the record date to shareholders
(subject to rounding)3
.
I guess most people were looking for this one thing in the announcement:
All capital return options were reviewed and after careful consideration, including taking into account
shareholder feedback and input from advisors, the Board will propose to the 2022 Annual Shareholder
Meeting a return of capital of approximately $70 million through a Court sanctioned pro rata share
cancellation – a return of approximately 40 cents per share held on the record date to shareholders
(subject to rounding)3
.
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