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IN BRIEF: Somero Enterprises launches up to USD4 million buyback

12th Mar 2026 16:45

Somero Enterprises Inc - Florida, US-based concrete-levelling firm - Authorises a new share buyback programme for 2026, worth up to USD4.0 million. Says it has capacity to propose an additional return of capital via this programme, having taken into consideration "recent trading and the payment of declared dividends". Says Cavendish Capital Markets Ltd will purchase the shares on its behalf, with the scheme to run until June 30 next year at the latest. Adds that the purpose of the programme is to reduce its share capital.

Current stock price: 205.00 pence, down 2.4% on Thursday afternoon in London

12-month change: down 22%

By Christopher Ward, Alliance News reporter

Comments and questions to [email protected]

Copyright 2026 Alliance News Ltd. All Rights Reserved.


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Somero
FTSE 100 Latest
Value10,305.15
Change-48.62