Buyback Rules13 Jan 2026 11:19
This will ensure the rise is slow and contolled
1. POW cannot buy shares at a price higher than 5% above the average mid-market price over the previous 5 business days (so a rolling measure)
2. POW can "usually" buy no more than 25% of the average daily trading volume (ADTV is usually calculated over the previous 20 trading days)
So lets hope we still get volume flowing through. Thats why yesterdays buyback volume is low, equates to an av daily volume of 250-300k per day. I can only assume that the first buyback included some backdated flexability in the dates, from when the buyback was legally agreed
Lets hope volumes are maintained / increase, or we could be here for years :-)