Commencement of Share Buyback

Summary by AI BETAClose X

Legal & General Group Plc has commenced the second £600 million tranche of its £1.2 billion share buyback programme, which is expected to conclude by March 22, 2027. This initiative aims to reduce the company's share capital, with all repurchased shares being cancelled. The first tranche of the programme, initiated on March 12, 2026, was completed on September 11, 2026. The company has engaged J.P. Morgan Securities plc for this second tranche, which will operate under a non-discretionary agreement, with JPM making independent trading decisions. The maximum number of shares that can be acquired under the entire programme is 478,827,626.

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