17th Sep 2025 11:05
AO World PLC - Bolton, England-based consumer electronics seller - Launches maiden buyback scheme for up to GBP10 million, announced on Monday and expected to complete by June 30, 2026. Appoints Jefferies International Limited and Peel Hunt LLP to carry out GBP5 million buybacks each, with Jefferies undertaking the first tranche.
Says the scheme is to reduce capital and reflects its "robust financial position, strong cash generation and the board's ongoing confidence in the company's ability to deliver strong shareholder returns over the medium-term."
Current share price: 93.80 pence, up 0.5% on Wednesday morning in London
12-month change: down 13%
By Holly Munks, Alliance News reporter
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