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By Anthony O. Goriainoff
Foresight Group Holdings said it was launching a share-buyback program of up to 5 million pounds ($6.1 million), and that it will be financed through existing cash resources.
The London-listed infrastructure and private-equity manager said late Friday that the program was an optimal use of cash resources and in the best interests of the company and its shareholders.
The buyback will fall under the repurchase authorization the board approved earlier this year, under which the maximum number of shares that may be bought is 11.6 million.
Write to Anthony O. Goriainoff at [email protected]
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