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Anglo-Eastern Plantations launches £8 million share buyback program

Published 11/08/2025, 07:06
Anglo-Eastern Plantations launches £8 million share buyback program
ANEA
2.04%

LONDON - Anglo-Eastern Plantations Plc (LSE:AEP), a plantation owner and operator in Indonesia and Malaysia, announced Monday it has commenced a new share buyback program worth up to £8 million, effective immediately.

The program will run until June 30, 2026, or until the company’s 2026 Annual General Meeting, whichever comes first. Any shares purchased will be held as treasury shares.

The company stated in a press release that its board believes AEP’s shares are "undervalued relative to the Group’s strong fundamentals and growth potential." The buyback aims to enhance earnings per share and deliver greater value to remaining shareholders.

Cavendish Capital Markets Limited will manage the purchases on a discretionary basis, making independent trading decisions within pre-set parameters. The buyback will operate under shareholder authority granted at the company’s most recent Annual General Meeting held on June 23, 2025.

The company noted that daily purchase volumes may exceed 25% of the average daily traded volume on the London Stock Exchange (LON:LSEG), potentially making the program a significant portion of daily traded volume in AEP shares on any given trading day.

This new program follows a previous share buyback initiative that was announced on March 20, 2025, and expired on June 23, 2025.

Anglo-Eastern Plantations owns, operates and develops plantations across Indonesia and Malaysia, focusing primarily on palm oil production.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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