22nd Aug 2024 11:22
Mears Group PLC - Gloucestershire-based provider of services to the UK housing sector - Launches a new share buyback programme, starting on Thursday. The buyback, worth up to GBP20 million, is the fourth for Mears in the past year and a half. During that time, it has bought back 17.7 million shares, 16% of the total number at the start of 2023, at a cost of GBP53.2 million. Its employee benefit trust bought an additional 5.1 million shares during the same period for use in share-based employee compensation. Mears has hired Numis Securities Ltd and Panmure Liberum Ltd to run the new buyback.
Current stock price: 370.00 pence
12-month change: up 33%
By Tom Waite, Alliance News editor
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