London Stock Exchange Group Announces Share Buyback Programme
Why we think this is neutral
The RNS announcement is about the commencement of a share buyback programme by London Stock Exchange Group plc. While share buybacks can be viewed positively as a way to return capital to shareholders, the announcement does not contain any of the mandatory news types that would warrant a more positive or negative sentiment score.
Key Points
- LSEG to commence £1 billion share buyback programme
- Buyback to be executed by Goldman Sachs International
- Shares purchased will be held in treasury
- Purpose is to reduce the company's share capital
Summary
The financial markets infrastructure provider has announced a share buyback programme of up to £1 billion.
London Stock Exchange Group plc (LSEG) has announced that it will commence a share buyback programme to purchase up to £1 billion worth of its ordinary shares. The buyback will be executed by Goldman Sachs International, acting as riskless principal, and the purchased shares will be held in treasury. The purpose of the buyback is to reduce the company's share capital.
GENERAL UPDATE