It's obviously been delayed but this is because of the IPO, in fact the new CEO is thinking of canning the IPO idea altogether, as the AA one was a disaster. Hence the delay. And yes it may be reworded bacuse the SP has plummeted and yet was part of the contract, so RAC won't be overjoyed.. Mix this in a bowl and put a bias on it and you have the FT article.
what would a £30m buy back do to the SP anyway? and wouldn't it just confirm that the company is struggling?
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