27th Feb 2025 14:55
Wilmington PLC - Birmingham, England-based provider of information and training for governance and risk & compliance - Begins share buyback worth up to GBP5 million on Thursday. The buyback will be run by Numis Securities Ltd and be completed by Wilmington's annual general meeting in November. Wilmington last week released its results for the half-year that ended December 31. These showed a 39% rise in adjusted pretax profit on a 16% increase in revenue from continuing operations.
"Wilmington has a strong balance sheet which allows it to invest across the business, both organically and inorganically," it says on Thursday. "The board has concluded that a repurchase programme provides a balanced approach for additional returns of capital to shareholder whilst it continues its strategic priority, being the active pursuit of opportunities to invest in accretive acquisitions."
Current stock price: 356.00 pence, up 3.8% in London on Thursday for GBP321.2 million market capitalisation
12-month change: down 4.8%
By Tom Waite, Alliance News editor
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