Sage to launch another £300m share buyback
Sage Group
1,265.50p
16:40 28/03/24
0.16%
2.00p
Software firm Sage will commence a share buyback programme of up to another £300.0m, following completion of its current £300.0m programme announced in March.
FTSE 100
7,952.62
17:14 28/03/24
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FTSE 350
4,383.21
17:14 28/03/24
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FTSE All-Share
4,338.05
16:50 28/03/24
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Software & Computer Services
2,487.67
17:14 28/03/24
0.11%
2.68
Sage said on Friday that the new buyback programme would run from 6 September, and was expected to end no later than 24 January 2022.
The FTSE 100-listed firm stated the buyback programme was consistent with its "disciplined approach" to capital allocation and reflected its medium-term leverage objectives.
Morgan Stanley and JP Morgan Securities will act as joint brokers on the programme.
As of 0845, Sage shares were up 0.027% at 743.20p.