Intention to Launch Share Buyback Programme

RNS Number : 2906D

CMC Markets Plc

02 March 2022

 

2 March 2022

CMC Markets plc

("CMC" or the "Company")

Intention to Launch Share Buyback Programme

CMC today announces its intention to launch a share buyback programme (the "Buyback Programme").

In light of the Company's robust capital position and having considered the ongoing investment in the business, the Board has decided to return excess capital to shareholders via the repurchase of ordinary shares up to an aggregate purchase price of £30 million, subject to continuing regulatory approval.

The Buyback Programme should be considered as part of a normal balanced approach to shareholder returns alongside the current dividend policy, which is unchanged. Previously stated full year guidance is also unchanged.

A further announcement containing more detailed information regarding the share buyback will be released before the start of any dealing under the Buyback Programme.

Enquiries

CMC Markets Plc

James Cartwright, Investor Relations

Euan Marshall, Chief Financial Officer

[e-mail]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation ("MAR") as it applies in the UK. Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is considered to be in the public domain.

LEI of CMC Markets plc: 213800VB75KAZBFH5U07

 

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