Buying back shares in a closed period6 Sep 2022 10:34
if you look at Cmc Markets (CMCX) they have been buying back their shares every day since 15th of March 2022, all through trading update, full year results and directors buying, They haven't stopped buying , So it looks like you can buy back your own shared anytime, No closed period.
15th of March
(Commencement of Share Buyback Programme
Further to its announcement on 2 March 2022, CMC announces that it will launch its share buyback programme of up to GBP30 million (the "Buyback Programme") with immediate effect. T he Buyback Programme will commence immediately and will be completed no later than 30 June 2023, subject to continuing regulatory approval.
The maximum aggregate number of shares that will be repurchased is 29,071,747 ordinary shares. The purpose of the Buyback Programme is to reduce share capital.
The Company has appointed RBC Europe Limited ("RBC") to manage the Buyback Programme on its behalf. Any purchases made during closed periods, shall be made independently of and uninfluenced by the Company.
Enquiries
CMC Markets Plc)
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