Transaction: BWB has advised The Ethical Property Company Limited in relation to a recent share buyback with a value of approximately £390,000 through a tender offer to all shareholders. The buyback provided the company’s shareholders with an opportunity to exit, potentially stimulating secondary trading in remaining shares and creating value for the remaining shareholders.
Client: The Ethical Property Company Limited supports a wide range of charities, social enterprises and small local organisations through the provision of modern, affordable and flexible workspace. The company currently owns or manages 23 properties in England and Scotland as well as having interests in centres in Australia, Belgium and France, all of which are managed to minimise energy use, waste, car travel and the use of harmful materials.
Posted on 29/04/2015 in Corporate & CommercialBack to Knowledge