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LONDON - Diales Group Plc (AIM:DIAL), a global specialist dispute avoidance and resolution consultancy, announced Tuesday it has instructed Shore Capital Stockbrokers Limited to complete its ongoing share buyback program.
The company will repurchase up to £0.1 million of its ordinary shares, representing the remaining balance of the program that was extended on March 18, 2025. Shore Capital, which was appointed as Diales’ broker on April 14, will execute the purchases independently of the company.
Under the terms of the program, Diales will fund the buyback from existing cash resources and hold all repurchased shares in treasury. The program will run until either the company’s 2026 Annual General Meeting or when the stated repurchase amount is reached.
The maximum price for share purchases will be the higher of either 5 percent above the average middle market quotations for the five business days preceding the purchase, or the price of the last independent trade or highest current independent bid.
Diales stated it will not adhere to the safe harbor conditions for trading set out in UK Market Abuse Regulation due to limited liquidity in its shares, allowing it to potentially purchase more than 25 percent of average daily volume on any trading day.
The company currently has 53,962,868 shares in issue, with 1,673,583 held in treasury, resulting in 52,289,285 shares carrying voting rights.
The announcement was made via a press release statement from the company.
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