The Syncona (SYNC) investment trust has launched a £40m share buyback programme, after a capital allocation review.
In a stock exchange notice on Friday (29 September), the board said the decision had been taken following capital allocation across the portfolio and pipeline, reflecting its material discount to NAV. "The board believes that the current share price materially undervalues Syncona's portfolio and its prospects, and that the shares represent a compelling and unique investment opportunity," it said. Investec reiterates 'Buy' rating for Pantheon International on £200m share buyback launch The board added that the capital allocated to the buyback does not impact planned investment into...
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