Convatec commences share buyback programme

Summary by AI BETAClose X

Convatec Group Plc has announced the commencement of a share buyback program to return up to $200 million of surplus capital to shareholders, expected to conclude by December 31, 2026. This program, which allows for the acquisition of up to 195,485,202 ordinary shares, is intended to reduce the company's capital or meet obligations from employee share options. The company has engaged Morgan Stanley & Co. International Plc to conduct the buybacks within pre-set parameters, adhering to shareholder authority and UK Listing Rules.

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