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Malin Corporation Cancels 77.1% of Issued Shares in €150 Million Buyback

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Malin Corporation Cancels 77.1% of Issued Shares in €150 Million Buyback

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Malin ( (MLLNF) ) has provided an announcement.

Malin Corporation PLC, a company listed on Euronext Dublin, has completed a significant transaction involving the acquisition and cancellation of 14,563,106 of its Ordinary Shares, previously held by Davy, at a total cost of approximately €150 million. This move, which represents about 77.1% of Malin’s issued ordinary share capital prior to the acquisition, reduces the company’s issued share capital to 4,326,168 Ordinary Shares, potentially impacting shareholder calculations and interests.

More about Malin

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $218.3M

Learn more about MLLNF stock on TipRanks’ Stock Analysis page.

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