31st Dec 2025 10:53
Senior PLC - Hertfordshire, England-based maker of components and systems for aerospace and defence, land vehicle, and power and energy customers - Prepares to start GBP40 million share buyback programme as it completes the sale of its Aerostructures business to Sullivan Street Partners. The disposal of the division to the London-based mid-market buyout firm was first announced back in July. Senior will receive an initial GBP150 million consideration, with the remaining GBP50 million expected in the first half of 2026, depending on the 2025 earnings performance of Aerostructures.
Senior says it will use the initial cash proceeds to reduce debt and to fund the share buyback. This is expected to start following the release of the company's annual results on March 2.
Current stock price: 195.20 pence, up 0.7% in London on Wednesday for GBP812.0 million market capitalisation
12-month change: up 22%
By Tom Waite, Alliance News editor
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