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NAOS Small Cap Opportunities Company Limited Announces On-Market Share Buy-Back
NAOS Small Cap Opportunities Company Limited (Company) is pleased to announce its intention to commence an on-market buy-back of up to 10% of its ordinary shares on issue (Buy-Back Program). The Buy-Back Program is expected to commence from 15 April 2019 and to remain in place for a period of up to 12 months.
As the buy-back of shares by the Company at a discount is accretive to Net Tangible Assets (NTA) per share, the Board considers the Buy-Back Program to be an effective use of the Company’s capital and in the interests of shareholders.
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