Reinsurance broker PWS Holdings has announced it may buy-out its shareholders and become a private company, as shareholders were not achieving value for money after announcing a dividend of 0.3p in interim results.
"The insurance sector is not viewed favourably on the stock market and our share price remains low," said a PWS spokesperson. "Our share price will not go up to correspond with our profits and shareholders are not getting value for money."
PWS Holdings posts a 12.7% rise in interim pre-tax profits to £982,000 compared to £871,000 for the same period the year before. PWS says shares, currently at about 16p would be worth 22.5p if it went private.