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LONDON (Alliance News) - Toy company Character Group PLC on Wednesday said it plans to extend its buyback authority so it can return up to GBP5 million to shareholders.
Character Group's current buyback authority ends in mid-January, but the company will ask shareholders to extend this by a year.
The maximum allotted to any new buyback would be GBP5 million, and the company would not be able to purchase more than 1 million shares.
The stock was trading at 517.00 pence a share on Wednesday, down 0.6%.