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West African weighs share buy backs or maiden dividend
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West African weighs share buy backs or maiden dividend
WEST African Resources may buy back shares or pay a maiden dividend once it had reduced net debt, said the company’s CEO and executive chairman, Richard Hyde. Hyde said in a fourth quarter presentation on Wednesday that his company planned to “accelerate repayments” and reduce debt to “a manageable level”. As of December 31, West African’s main debt comprised $242m in secured loan facilities. Hyde added: “There are active discussions about capit…
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