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IN BRIEF: GB Group picks Numis to run GBP25 million share buyback

23rd Jul 2025 09:35

GB Group PLC - Chester, England-based identity and location technology provider - Commissions Numis Securities Ltd, which trades as Deutsche Numis, to run a share buyback worth up to GBP25 million. The buyback begins on Wednesday and will be completed by November 30. The repurchased GB Group shares will be cancelled. "The board considers a share buyback to be an attractive use of surplus capital, aligned with our capital allocation policy, to generate significant shareholder value over the long-term," GB Group says.

Current stock price: 236.50 pence, up 1.5% in London on Wednesday for GBP588.7 million market capitalisation

12-month change: down 32%

By Tom Waite, Alliance News editor

Comments and questions to [email protected]

Copyright 2025 Alliance News Ltd. All Rights Reserved.


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