Hipgnosis Songs Fund has launched a share repurchase programme, which will run for eight weeks.
The buyback scheme will run from today until 8 December and will be managed by Singer Capital Markets Securities. Any shares purchased as part of the scheme will count towards Hipgnosis' general buyback authority of 14.99% of the company's issued share capital. Stock Spotlight: Hipgnosis entertains investors despite uninspiring debt refinancing No further details have yet been revealed by the firm. Senior analyst at QuotedData Matthew Read said it was "good to see Hipgnosis taking some action on what is now an extreme discount" but would not address the "fundamental problem". ...
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