2nd Mar 2026 11:53
(Alliance News) - Sage Group PLC on Monday started a share buyback programme worth up to GBP300 million.
The first half of the buyback will be run by Morgan Stanley & Co International PLC and the second half by JP Morgan Securities PLC. It is expected to be completed by June 5.
The Newcastle, England-based enterprise accounting software company said all the repurchased shares will be cancelled to reduce share capital.
The buyback "is consistent with the group's disciplined capital allocation policy, and reflects the board's confidence in Sage's future prospects", the company said, adding that it is experiencing "strong" cash generation and enjoying a "robust" financial position.
"Sage continues to have considerable financial flexibility to drive the execution of its growth strategy", it said.
Sage shares were up 0.9% to 828.00 pence late Monday morning in London.
By Martin Miraglia, Alliance News reporter
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