Unite Group PLC (UTG.L, UTGPF), on Friday announced the launch of a 100 million pounds share buyback programme, aimed at returning surplus capital to shareholders through the repurchase and cancellation of the Company's ordinary shares of 25 pence each.
The programme reflects confidence in Unite's long-term prospects and strong balance sheet, with the initial tranche funded from surplus capital from deferred development activity.
The buyback will run from January 9, 2026, until completion or June 30, 2026, and is limited to a maximum of 48,879,255 ordinary shares under the authority granted at the 2025 AGM.
On Thursday, Unite Group closed trading 0.35% higher at 572 pence on the London Stock Exchange.
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