Benchmark Holdings Provides Update on Strategy and Return of Capital
Why we think this is neutral
The RNS announcement provides an update on Benchmark Holdings' strategy for the continuing business and details on a return of capital. While this is an important update for investors, it does not fall into any of the mandatory news categories that would require a more detailed analysis. Therefore, a neutral sentiment score is appropriate.
Key Points
- Benchmark to provide details on strategy and return of capital in May
- Company has redeemed Green Bond and repaid RCF, becoming debt free
- Substantial progress made in streamlining corporate structure after sale of Genetics business
Summary
The aquaculture biotechnology company announces an update on its strategic direction and plans to return capital to shareholders.
Benchmark Holdings plc has announced that it will provide details on the strategy for the continuing business and return of capital during May. The company has completed the redemption of its Green Bond and repaid its RCF, making the Group debt free. Benchmark has also made substantial progress in streamlining the Group's corporate structure following the sale of its Genetics business.
GENERAL UPDATE