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Share Buyback Programme and Return of Capital

4th Mar 2026 07:00

RNS Number : 2122V
AdvancedAdvT Limited
04 March 2026
 

4 March 2026

AdvancedAdvT Limited

 

Share Buyback Programme and Potential Return of Capital

 

The Board of AdvancedAdvT Limited (AIM: ADVT) (the "Company") is pleased to announce the launch of a share buyback programme (the "Buyback Programme") to purchase up to £10 million ordinary shares of no par value of the Company ("Ordinary Shares"). The Board believes that the current market price of the Ordinary Shares does not fully reflect the intrinsic value of the Group's software operations and that the Buyback Programme represents an attractive use of the Company's capital at current price levels.

 

Building a Resilient, Market?Leading Platform

Since July 2023, the Group has completed nine acquisitions, deploying approximately £45 million net of cash acquired to build a resilient, market?leading platform of mission?critical software solutions generating around £53 million of revenue, approximately 80 per cent. of which is recurring and delivering adjusted EBITDA of not less than £14.4 million for the 12 months ending 28 February 2026. This significant period of activity has been matched by disciplined capital allocation, with the Group ending 28 February 2026 with a cash balance of approximately £96 million, demonstrating both the quality of the businesses acquired and the platform's strong cash generation.

 

Share Buyback Programme

The Company has appointed Singer Capital Markets Securities Limited to execute and manage the Buyback Programme and has given an irrevocable instruction for Singer Capital Markets to undertake market purchases on its behalf for a period of 12 months. All trading decisions will be taken independently of the Company.

 

The Buyback Programme permits the purchase of up to £10 million of Ordinary Shares, with the maximum price payable being no more than 5 per cent. above the average middle market quotation for the five business days immediately preceding the date of any repurchase. The Directors have confirmed that neither they nor persons connected with them intend to sell Ordinary Shares to the Company during the programme. There is no guarantee that the Buyback Programme will be implemented in full or that any purchases will be made.

 

Any Ordinary Shares acquired may be held in treasury and used to satisfy future obligations under the Group's employee share schemes or as consideration for future acquisitions, providing the Group with additional flexibility in the execution of its strategy. Alternatively, they may be cancelled.

 

Potential Further Return of Capital

In addition to the Buyback Programme, the Board is also considering a further substantial return of capital to Shareholders, potentially by way of a tender offer, but will continue to assess all available capital allocation options, including a tender offer, alongside, or as an alternative to, on?market buybacks.

 

Any decision on a further return of capital will take into account prevailing market conditions, the Group's acquisition pipeline, and the Board's assessment of the optimal capital structure for the Group at that time. There can be no certainty that a tender offer will proceed or as to its terms. The Board will update Shareholders as and when appropriate.

 

Strategy Unchanged

The Board remains focused on disciplined capital allocation, ensuring that all decisions are aligned with the Group's long?term strategy. The approval of the Buyback Programme does not represent a change in that strategy. The Group continues to see an attractive and active pipeline of bolt?on acquisition opportunities at valuations aligned with its sought characteristics and expects to continue deploying capital into value?accretive transactions while retaining the flexibility to assess all options, including further buyback mechanisms where appropriate. As an AIM?quoted company, the Group also retains the ability to access the equity capital markets should a larger opportunity arise, which the Board views as an important strategic advantage.

 

Total Voting Rights

As at the date of this announcement, the Company's total issued share capital consists of 137,125,806 Ordinary Shares, each carrying one voting right. The Company does not hold any Ordinary Shares in treasury. The total number of voting rights in the Company is 137,125,806.

 

The above figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014 as it forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018.

 

Enquiries:

AdvancedAdvT Limited

Vin Murria, Chairperson

Gavin Hugill, Chief Financial Officer

Singer Capital Markets (Nominated Adviser and Broker)

Tel: 020 7496 3000

Philip Davies / James Fischer

KK Advisory (Investor Relations)

Tel: 020 7039 1901

Kam Bansil 

 

 

AdvancedAdvT Limited (AdvT) provides software solutions and platforms across two business transformational areas: business solutions & healthcare compliance, and human capital management.

 

AdvT is an agent for change. The Group enables the delivery of Artificial Intelligence ("AI"), data analytics and business intelligence, all of which are key future drivers for growth in these sectors where long term digitisation trends are set to transform the workplace for professionals. 

 

AdvT is developing both organically and through acquisitions, by expanding its presence across adjacent markets, geographical boundaries and digital sectors.

 

Notes

 

It is anticipated that the maximum daily volume of any purchases of Ordinary Shares under the Buyback Programme will not exceed 25% of the average daily volume of the Ordinary Shares traded on the London Stock Exchange during the 20 trading days prior to the relevant purchase, in line with Article 3(3) of Retained Regulation (EU) 2016/1052 setting out regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures, as it forms part of retained EU law as defined in the EU (Withdrawal) Act 2018 (the "MAR Buy-Back Regulation"). However, in periods of general illiquidity in the Company's Ordinary Shares, purchases may be made in excess of these volume limits. In such circumstances, the Company will not be able to rely on the safe harbour provisions of the MAR Buy-Back Regulation.

 

 

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