AGGREKO has said it plans to offer to buy B shares which were issued to shareholders last year.

The shares were created as part of a £200 million return of cash in April last year with some customers choosing to sell them back to company at that time.

However the temporary power supplier said that there are still close to two million B shares outstanding.

Aggreko has written to shareholders to say that it intends to offer 75.5 pence per B share and said the transaction would be free of dealing expenses and commissions.