18th May 2026 12:38
(Alliance News) - Derwent London PLC on Monday began a fresh GBP50 million buyback programme to cut down issued capital.
The investor in commercial real estate sees the capital return plan supported by its balance sheet and recent disposals.
Last week, Derwent announced the scheme, which has since secured board approval.
It will be carried out in two tranches of GBP25 million each, excluding expenses. UBS AG will carry out the first tranch and Barclays PLC the second.
The first tranche will end by July 31, and the entire programme by September 30.
Derwent's final 2025 dividend of 56.0 pence per share will be paid May 29, of which 40.0p will be a property income distribution and 16.0p a conventional dividend.
Derwent shares rose 0.3% to 1,677.00 pence on Monday morning in London.
By Holly Munks, Alliance News reporter
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