2nd Jun 2025 09:00
(Alliance News) - Bridgepoint Group PLC on Monday said it is reintroducing its share buyback programme to take advantage of current market volatility.
The London-based private equity firm said the buyback, worth up to GBP50 million, start on Monday and is expected to be completed by May 31 next year. It will be run by JP Morgan Securities.
Shares in Bridgepoint were 1.2% lower at 286.40 pence each in London on Monday morning. The company has a market capitalisation of GBP2.36 billion.
Bridgepoint said its strategy and growth agenda, as outlined at the capital markets day last October, remains unchanged.
"However given ongoing market volatility there is a benefit in Bridgepoint reintroducing the flexibility to allocate some capital to repurchase its shares on an opportunistic basis," is said in a statement.
By Jeremy Cutler, Alliance News reporter
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