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Circle Property PLC - London-based buyer, developer and manager of regional office assets in UK - Plans to return capital to shareholders through the issue and redemption of B shares. Expects that the first return of capital will take place in March for a minimum of £30 million and up to approximately £46 million. Believes that this is one of the fairest and most efficient ways of returning cash. Notes that the return is subject to resolutions at its extraordinary general meeting on February 15. Plans to reduce its capital to £4.1 million from £44.1 million by cancelling and extinguishing capital to the extent of £1.36.
Current stock price: 219.10 pence
12-month change: up 5.3%
By Abby Amoakuh, Alliance News reporter
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