Summary
NOVAE is this weekend hammering out the final details of a plan to hand tens of millions of pounds to shareholders. A deal could be unveiled as early as tomorrow.
The insurance group, which changed its name from SVB in 2006 after it was reshaped under chief executive Matthew Fosh, has been struggling to match the return on equity achieved by its peers. Its shares, at 277p, trade at a huge discount to net tangible assets, reckoned to be well above 400p a share.See the full content of this document
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Novae Investors Set for Windfall
About Pounds 40 million...
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