(Alliance News) - LSL Property Services PLC on Friday said it is extending its share buyback programme for a further three months.
Back in April, the Newcastle-based estate agency announced a buyback worth up to GBP10 million. Numis Securities Ltd, part of Numis Corp PLC, was appointed to manage the programme, which was due to end no later than June 30.
On Friday, LSL said it has extended the buyback programme for a further three months. It will now end no later than September 30, unless completed earlier.
As with the original programme, a maximum of 10.5 million shares can be repurchased.
LSL added that as of Thursday, 360,273 shares have been repurchased for a total of GBP1.3 million. Accordingly, the remaining size of the extended programme is up to GBP8.7 million.
Shares in LSL were up 0.3% to 345.00 pence each in London on Friday morning.
By Sophie Rose; sophierose@alliancenews.com
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