RE: Buybacks17 Feb 2025 14:36
Hi, thanks for getting back to me. The share totals bought back over the days differ, but the total amounts to 300k per day. Day 1 was 21950 shares @ £13.666851 for £299,987. The process began in September and must conclude in May. That's around 161 trading days, but at 300k per day they will only get through £50 odd million unless something alters. I’ve not seen a buyback where they aggressively increase the buyback amount towards the end of the process. I just wandered if anybody could shed some light on the (apparent) shortfall?
The Programme is expected to commence today, 12 September 2024, and is expected to be completed no later than the Annual General Meeting to be held on 14 May 2025.