By NEIL HARTNELL

Tribune Business Editor

Bank of the Bahamas International's shares are trading below the institution's book value, its managing director said yesterday, explaining that it had become the fifth public company to launch a share buy back plan in a bid to counter an "immature stock market" and inadequate pricing structure.

Paul McWeeney told Tribune Business that the initiative, which starts today and will see the bank repurchase up to 100,000 of its common shares over a six-month period, was intended to both support its share price and provide liquidity to small retail investors seeking to exit their investment for "social reasons".

Telling this newspa ...

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