Syncona launches £40m share buyback programme

40% discount to NAV

clock • 2 min read

The Syncona (SYNC) investment trust has launched a £40m share buyback programme, after a capital allocation review.

In a stock exchange notice on Friday (29 September), the board said the decision had been taken following capital allocation across the portfolio and pipeline, reflecting its material discount to NAV. "The board believes that the current share price materially undervalues Syncona's portfolio and its prospects, and that the shares represent a compelling and unique investment opportunity," it said.  Investec reiterates 'Buy' rating for Pantheon International on £200m share buyback launch The board added that the capital allocated to the buyback does not impact planned investment into...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Trustpilot