QinetiQ Group plc (QQ.L), a science and technology company, on Monday announced that it has entered into an agreement with Deutsche Numis to execute the second tranche of the 200 million pounds programme, with a maximum value of up to 50 million pounds.
The tranche is expected to be completed no later than 31 March 31, 2026.
The second tranche will be carried out under the authority granted at the company's 2025 Annual General Meeting, which permits the repurchase of up to 47,227,575 ordinary shares.
The completion of the latest 50 million pounds tranche of its share buyback programme executed by Numis Securities Limited, marking the first tranche of the 200 million pounds extension announced on March 17.
On Friday, QinetiQ closed trading 4.55% lesser at 445.20 pence on the London Stock Exchange.
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