Oct 3rd, 09:54 VBL Verballis Translation Svc's.
by Cayman Beaumont

25% of VBL Shares Retired

Verballis Translation Services has retired a further 100,000 shares leaving only 300,000 shares in circulation.

The retirement occurred because the VBL is financially stable and there is no likely requirement to raise additional funds. The reduction in share price will hopefully allow for a continued stable share price and a healthy dividend per share.

On the 29th September Verballis re purchased 5453 shares at L$2, these along with an additional 80,034 treasury shares and 14,513 shares held by Cayman Beaumont have been retired. VBL will continue to re purchase shares at L$2, this will assist investors wishing to cash out and if/when purchased will immediately be placed for sale.

Milos is currently working on the returns for September and when completed it is anticipated that a dividend will be paid. The amount has yet to be determined.

Regards

Cayman Beaumont
Verballis Translation Services – Words Across Worlds
http://verballis-translation-services.blogspot.com/