Completion of share buyback programme

Summary by AI BETAClose X

IP Group plc has successfully completed the £20 million extension to its share buyback programme, bringing the total aggregate consideration for the programme to £75 million, with 157,968,634 shares purchased at an average price of 47.5 pence. Following the cancellation of these shares, the company's issued share capital now stands at 883,427,642 ordinary shares with no shares held in treasury, a figure shareholders can use for regulatory notification calculations. The Group indicated that share buybacks will continue to be a key element of its capital allocation strategy, subject to future portfolio realisations.

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IP Group (IPO)
UK 100

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