27th Oct 2023 09:51
Bellway PLC - Newcastle upon Tyne-based housebuilder - Completes share buyback programme announced in late March to purchase up to GBP100 million of its shares for cancellation. Around GBP100 million is successfully returned to shareholders across the programme. Says Citigroup Global Markets Ltd, who it was announced in mid June had undertaken the second tranche on Bellway's behalf, repurchased 2.4 million shares for around GBP50 million, excluding stamp duty and expenses.
Current stock price: 2,034 pence
12-month change: up 7.1%
By Greg Rosenvinge, Alliance News reporter
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