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LONDON - Investment management firm Brooks Macdonald Group Plc (LON:BRK) announced Friday it has extended its £10 million share buyback program until December 31, 2025, from the previously scheduled completion date in September 2025.
According to a company statement, Brooks Macdonald has repurchased 538,000 shares for approximately £8.2 million as of September 4, representing about 3.26% of the company’s issued share capital as of January 28, when the program was initially announced. All repurchased shares have been cancelled.
The buyback will continue under the company’s general authority to repurchase ordinary shares granted at its Annual General Meeting held on October 24, 2024. Brooks Macdonald plans to seek renewal of this authority at its upcoming AGM scheduled for October 28, 2025.
Following the share repurchases, the company’s total issued share capital consists of 15,982,539 shares as of September 4, with no shares held in treasury. All other terms of the buyback program remain unchanged from the original announcement made in January.
The company stated that the share buyback program will continue under the same terms unless completed or terminated earlier than the new December deadline.
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