Australia's Global Value slips on discounted share purchase plan
17/11/2020 04:26
** Shares of Global Value Fund Ltd GVF.AX fall as much as
2.8% to A$1.060, marks biggest intraday pct fall since Oct. 29
** The investment firm announces a share purchase plan (SPP)
offered at a price of A$1.06 per share, a discount of 2.8% to
its last close urn:newsml:reuters.com:*:nASX4YXFGb
** Co to invest proceeds of the SPP in global assets, all
trading at significant discounts to their intrinsic value
** About 122,950 shares change hands, compared with the
30-day average volume of 50,048
** Stock fell 2.7% this year, as of last close
(Reporting by Yamini C S)
((Yamini.CS@thomsonreuters.com;))