Shares & Derivatives
Something BIG is brewing at Global Logistic Properties
By 10% Per Annum  •  May 26, 2016
Global Logistic Properties has recently embarked on an aggressive share buyback program beginning 20/05/2016. Share buybacks are not exactly uncommon. Indeed, companies often seek share repurchase mandates during AGMs. While that might be the case, it is fairly uncommon for a firm to actually buy back shares at this aggressively. Here are some numbers to make sense of how big the recent share buyback is: (All information can be found here) In the space of only 4 trading days, GLP has bought back 9,688,000 shares which translates to: 1) 0.20% of all outstanding shares 2) 0.48% of free floated shares 3) 2.00% of share buyback mandate 4) 2,422,000 shares per day on average 4) sufficient shares to place anyone in the top 20 list of free float shareholders at number 11 Also in the space of only 4 trading days, they have spent $17,381,842.......
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By 10% Per Annum
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