Lion Finance Group announces share buyback programme
Why we think this is neutral
This appears to be a routine capital management announcement by Lion Finance Group, with the company extending its existing share buyback programme. While the buybacks are consistent with the group's capital distribution policy, the lack of additional financial details makes it difficult to fully assess the impact on the company's performance and outlook.
Key Points
- Lion Finance Group extends share buyback programme by GEL 107.7 million
- Buybacks consistent with group's capital distribution policy
- Shares to be purchased in open market and cancelled monthly
Summary
Lion Finance Group PLC has announced a GEL 107.7 million extension to its existing share buyback and cancellation programme. The buybacks are consistent with the group's capital distribution policy to target a dividend/share buyback payout ratio of 30-50% of annual profits. The programme will commence shortly and end no later than the company's 2025 AGM, with shares purchased in the open market and cancelled on a monthly basis.