US LNG exports surge but will buyers in China turn up?
LONDON - Begbies Traynor Group plc (LON:BEG) announced Tuesday it is commencing a share buyback program of up to 1 million ordinary shares, representing approximately 0.6% of its current issued share capital.
The program, which runs from July 8 to September 8, 2025, aims to mitigate future dilution from anticipated employee share option exercises and satisfy certain deferred consideration obligations, according to a company press release.
Begbies Traynor said the buyback will be financed from existing resources while maintaining sufficient funds for potential acquisitions and organic investments. The repurchased shares will be held in treasury.
The company has appointed Canaccord Genuity Limited to conduct the share repurchases on its behalf on a broker-managed basis. Canaccord will make independent trading decisions regarding the timing of purchases.
The buyback will be conducted within pre-set parameters and in accordance with the authority granted at the company’s 2024 Annual General Meeting, as well as relevant market abuse regulations.
As of the announcement date, Begbies Traynor’s total issued share capital consisted of 159,730,566 ordinary shares with one voting right per share. The company currently holds no shares in treasury.
The business restructuring specialist noted that the program reflects the board’s confidence in the group’s cash generation capabilities, balance sheet strength, and long-term prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.