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Friday, 19 August 2011

Clauses 11-13

Passed with no questions - the 'usual suspects' must have pulled a sickie today. There's usually a fully paid up member of the awkward squad in attendance, maybe it's an upside of the recession that they couldn't afford to come :-)

Ah hah ! I wrote too soon - he's (GNMartin) in and he's asking about the share buyback !!

Some yawnsville stuff about whether there is a cost associated to the buyback in the P&L and poor shareholder return on buybacks vs dividends.

HY says we haven't done it and would do it only to bolster the share option schemes - which sounds odd ! I thought it was to offer me, personally, above Market price for my shares as and when I fancy it

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