At Joint Shares, we are committed to delivering secure, compliant, and client-focused financial services—from personal lending to institutional investments
At Joint Shares, we are committed to delivering secure, compliant, and client-focused financial services—from personal lending to institutional investments
Joint Shares Investment Holdings (JS) provides strategic, confidential buy-back advisory for listed and private companies — from program design to funding, execution and communications. Buybacks can return capital to shareholders, improve EPS metrics, stabilise shares or signal confidence in long-term value.
Contact: [email protected] • Phone: +352-698-555-193 • Luxembourg
Simple and transparent. Ideal when surplus liquidity and no better immediate investment opportunities exist.
Leverage to magnify return on equity when borrowing costs are below expected ROE uplift — careful with covenants and ratings implications.
Open market purchases executed by broker partners, with timing and block trades to manage price impact.
Fixed price tender or Dutch auction approach for larger, concentrated repurchases.
Buyback programs commonly require board approval and may need shareholder authorization depending on jurisdiction and company bylaws. JS prepares board papers, circulars and shareholder communication strategies.
Public companies must comply with market abuse laws, disclosure timing and safe harbours for buybacks. We coordinate with legal counsel and exchanges to ensure compliance.
Accounting treatment of repurchased shares (treasury shares vs. cancellation) affects EPS, book value, and tax outcomes. Cross-border shareholder base requires tailored tax advice to maximise efficiency.
Large buybacks may affect leverage ratios and covenant tests. JS models covenant impacts and liaises with lenders or rating advisors when debt-funded buybacks are proposed.
Enter your baseline figures to see illustrative EPS, share count and book value effects. This is a simplified model for planning; JS will run full modelling with your financials.
Define objectives (capital return, EPS, defence), program size, funding source and obtain board approvals and legal sign-offs.
Decide between cash, debt, or hybrid funding; model covenant & rating impacts.
Trade plan (daily caps, algos), broker appointment, and communications timetable aligned with disclosure rules.
Weekly execution reports, regulatory filings and treasury accounting.
Final disclosure, cancellation or treasury treatment and evaluation of outcomes vs objectives.
Objective: 10% EPS accretion over 12 months. Structure: €80M on-market purchases. Funding: cash reserves.
Objective: Neutralise takeover risk by repurchasing 8% of float via tender. Structure: Fixed-price tender funded via debt facility.
Objective: Retire shares issued under employee LTIP to neutralise dilution. Structure: Small, ongoing on-market purchases coordinated with vesting schedule.
Upload redacted financials, board minutes and proposed program details to our encrypted channel. Files are handled under Luxembourg privacy frameworks and access is strictly controlled.
| Feature | Buyback | Dividend | Special Dividend / Capital Return |
|---|---|---|---|
| Flexibility | High — programmatic | Moderate — recurring expectations | Moderate — one-off |
| Tax Efficiency | Depends on shareholder base & jurisdiction | Often taxable income | Typically taxable |
| Market Signal | Strong buy signal | Income attraction | Mixed signal |
| EPS Impact | Positive if accretive | Neutral (no change in share count) | Neutral |
| Governance | Board oversight; sometimes shareholder approval | Board decision; predictable | Board decision |
“JS guided us through a €75M program — execution was surgical, transparent and delivered EPS uplift while preserving ratings.”
“Their financing advice and covenant modelling gave the board the confidence to proceed with a larger, staged program.”
Contact Joint Shares Investment Holdings for a confidential, non-binding advisory session. We'll prepare an indicative program, funding plan and execution roadmap.
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