Vistry Group Provides Update on Share Buyback Programme
Why we think this is neutral
The RNS announcement provides an update on the management of Vistry Group's share buyback programme, but does not contain any of the mandatory news types such as contract news, trading update, or annual results. As a result, the sentiment is assessed as neutral.
Key Points
- Vistry Group has extended its arrangement with Numis Securities to continue the second tranche of its share buyback programme
- Up to £65 million of shares will be purchased and cancelled under this second tranche
Summary
The retailer has provided an update on the management of its share buyback programme, including extending arrangements with Numis Securities.
Vistry Group PLC has extended its discretionary arrangement with Numis Securities Ltd to continue purchasing the company's ordinary shares as part of the second tranche of its share buyback programme, up to £65 million. All shares purchased will be cancelled.
GENERAL UPDATE