SThree plc (STHR.L) announced its intention to launch a share buyback programme of up to 20 million pounds. SThree has entered a non-discretionary agreement with each of Investec Bank plc and Joh. Berenberg, Gossler & Co. KG, London Branch to execute the buyback for an aggregate value of up to 20 million pounds of the company's ordinary shares of 1 pence each.
The Programme will commence on Thursday and end no later than the Half Year results. The purpose of the Programme is to reduce the share capital of the company. The company will cancel any shares purchased.
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