Launch of £100 million share buyback programme

Summary by AI BETAClose X

Unite Group PLC has launched a £100 million share buyback programme, commencing today and running until 30 June 2026, to return surplus capital to shareholders. This initiative reflects confidence in the company's long-term prospects and strong balance sheet, with the initial tranche funded by deferred development activity. The programme aims to reduce issued share capital, with repurchased shares being cancelled, and will be conducted through open market transactions managed by Deutsche Bank and J.P. Morgan. The maximum number of shares that can be repurchased is 48,879,255.

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Unite Group (UTG)
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