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WorldSpreads eyes share buyback as revenues improve

31st March 2011 9:40 am GMT

Online spread betting firm WorldSpreads has said that it will seek shareholder approval to buy back some of the company’s shares on the open market after reporting a 25 per cent year-on-year increase in revenues for the financial year ending March 31st 2011.

The company said that it does not currently have any authority to repurchase its own shares, but that it would seek authorisation from shareholders at an Extraordinary General Meeting to repurchase a proportion [...]

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