Trustpilot Group Plc (TRST.L), a Danish consumer business operating a review website, said on Wednesday that it will commence a new share repurchase of up to 20 million pounds from September 11.
The sole objective of this drive is to reduce the share capital of Trustpilot. The Group has entered into an agreement with Joh. Berenberg, Gossler & Co. KG, London Branch to purchase its shares for 0.01 pounds per share for up to a maximum consideration of 20 million pounds.
The company will repurchase 41.602 million shares and cancel all the shares it repurchased.
The buyback is scheduled to conclude before the date of the next AGM.
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