New owner Mike Ashley is set to complete his buy-out of Newcastle shares after triggering a compulsory purchase of the remaining stock.

St James Holdings Limited, Ashley´s company, revealed to the London Stock Exchange on Wednesday that they had reached agreement to buy almost 95% of shares by Tuesday afternoon, and that they would now take up their option to force the remaining stockholders to sell up.

It is expected that the remaining purchases will be completed by the end of next month.

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