3rd of July 2011 Author: Ava Jackuard
GBP 50 million for share buy-back over the next twelve months
In the period of the next twelve months, Betfair will pursue its share re-purchase program, which will be conducted on the open market. This comes after a drop in share prices since its IPO in October 2010, and the company plans to buy back GBP 50 million of its ordinary shares.
According to Betfair’s CEO David Yu, “We have a plan in place to deliver long-term shareholder value through a combination of accelerating our revenue growth, driving further margin improvement and returning excess cash to shareholders.
“The share buy-back programme is one element of this plan. We have always been a very cash generative business which allows us to both invest for the future and return cash to shareholders."
General Gambling News
1st of April 2011
3rd of June 2011
28th of May 2015
25th of May 2015
21st of April 2015
17th of May 2015
23rd of April 2015
Disclaimer Contact Us Privacy Gambling Help About Us Site Map
LatestCasinoBonuses.com © 2006-2015
Join now for full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
PLUS join now and get...
100% up to $1000 PLUS 25 free spins! Sponsored by ClubUSA Casino, US OK.
View more information here