-
Share
3,455 Posts.
245
01/04/23
08:52
Share
"Is there any chance that MCR are buying back their own shares to keep control of the company?"
No
The number of shares on issue is irrelevant; it is all down to %ages
So, for example, 1000 shares on issue and AF has 400 he has 40%
MCR buy back 200 shares (which then have to be cancelled) means 800 shares on issue of which AF has 400 ie he now has 50%
If anything; they would issue shares to dilute AFs holding
Also; if a Company undertakes a buy back they have to announce it to the market
-