Alpha Group International plc, a provider of financial solutions to corporates and institutions, announces that it intends to commence a new share buyback programme to purchase ordinary shares of 0.2p each.
The company has allocated a further £20 million from its cash reserves to the new buyback programme. The Ordinary Shares purchased will be held in treasury.
Following the conclusion of the £20 million buyback programme on 27 June 2024, the Board has reviewed its cash position. Given the current cash balances and the likelihood of further cash generation this year and beyond, the Board has agreed to implement a further Buyback programme of £20 million.
The Company has irrevocably instructed Liberum Capital…
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