Foresight Group Announces Share Buyback Programme
Why we think this is neutral
The RNS announcement is about the commencement of a share buyback programme by Foresight Group Holdings Limited. While share buybacks can be a positive signal, the RNS does not contain any mandatory news types such as trading updates, financial results, or major business developments. Therefore, the sentiment is assessed as neutral.
Key Points
- Foresight Group has appointed Berenberg to conduct the share buyback programme
- The buyback will be financed through existing and future cash resources
- The aggregate number of shares acquired will not exceed the maximum number authorised at the 2024 AGM
- The buyback will commence on the date of the announcement and continue until the earlier of the expiration of the general authority or the maximum pecuniary amount is reached
Summary
The investment manager is launching a £50 million share buyback programme over the next three years.
Foresight Group Holdings Limited has announced the commencement of a share buyback programme of up to £50 million over the next three years. The buyback will be financed through the company's existing and future cash resources and will be conducted within the parameters of the company's general authority granted at the 2024 annual general meeting.
Key Dates
2 August 2025
Annual General Meeting
GENERAL UPDATE