10.02.2012

Vp launches share buy back

UK rental company Vp – previously Vibroplant – and owner of telehandler rental company UK Forks, has announced plans to buy back up to seven percent of its outstanding shares.

The company will buy back up to 3.1 million shares – in in every 14 - by way of a Tender Offer at £2.54 per share for a total cost of £7.8 million.

Vp while a publicly quoted company is controlled by Jeremy Pilkington and his family. Which own - or did own - 51 percent of the business. The company has done well in recent years and has a very strong balance sheet.