IN BRIEF: Hill & Smith completes first buyback tranche, plans second

Hill & Smith PLC - Solihull, England-based infrastructure products provider - Confirms that Deutsche Bank AG has completed the first tranche, worth approximately GBP50 million, of Hill & Smith's GBP100 million share buyback programme announced on August 13. Says it has bought back and cancelled 2.1 million shares since the programme's start. Also announces its agreement with Jefferies International Ltd to execute the second tranche, which will be worth up to GBP50 million. Furthermore, Hill & Smith intends to make use of the FCA's updated notification deadline, which allows post-trade notifications of share buybacks to be made no later than the end of the seventh daily market session following the execution date.

Current stock price: 2,735.00 pence

12-month change: up 48%

By Emma Curzon, Alliance News reporter

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