FBCH to revive share buy-back

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FBC Holdings (FBCH) says it will reintroduce share buy-backs this year following an amendment to the Banking Act that lifted restrictions on the practice.
Speaking at an analysts briefing last week, group chief executive officer, John Mushayavanhu, said the financial services group would this year seek shareholder approval for a resolution allowing the buy-backs.
He said amendments to the law this year lifted the ban that had been imposed by the central bank.