effect of 10% share capital buy back ?

I haven't actually held shares in a company when a buyback has occured.

Obviously the ann today sparked some interest but the questi on now is what next between here and March 1st when UML's brokers back the truck up?

Are they going to buy at any price? How does this work?

Surely some opportunistic traders will be piling in here in coming weeks with a guaranteed 50 million buyer lined up with the readies?

The depth has lightened considerably on the sell side and it seems there is every chance of a bit of a run into the high teens in coming weeks?

Any thoughts anyone?