Pavilion approves share buy-back

Pavilion Insurance has approved a buy-back of 5m shares, representing 9.1% of the company's total issued share capital, at its AGM.

Chairman and CEO Andrew Selby said: "We are delighted that the resolution allowing the share buy-back has been passed, as we firmly believe that this will create greater shareholder value by enhancing earnings per share and raising the net asset value of the company."