Connells has begun buying up the shares from key Countrywide investors including the 5.85% share held by Schroders.
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Countrywide stock hits all-time low after new shares issued
Countrywide's share price plummetted by another 10% yesterday after 140 billion new shares entered the London Stock Exchange.
Read MoreCountrywide shareholders approve £140m refinancing plan
8% of shareholders have today voted through an equity-based refinancing plan that will help reduce the group's debts.
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