(Alliance News) - Keywords Studios PLC on Wednesday said Apex Financial Services (Trust Co) Ltd, the trustee of its employee benefit trust, will extend its market purchase programme to EUR15 million.
The London-based global video games technical and creative services provider said it intends to purchase up to a further EUR10 million, including all transaction costs, during the second half of 2023.
This was after completing the buyback of an initial tranche of 182,371 shares, valued at EUR5 million, on May 31.
The programme was first announced with Keywords' annual results in March 2023.
Keywords said all repurchased shares will be used to satisfy further exercises or transfers of long-term incentive plans, stock options, or restricted stock units related to the relevant share plan.
Shares in Keywords were up 1.4% to 1,967.00 pence each in London on Wednesday late morning. The company has a market capitalisation of GBP1.56 billion.
By Greg Rosenvinge, Alliance News reporter
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Keywords Studios Plc (KWS)