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Keller Launches GBP 100 Mln Share Buyback Programme

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News   | Join Us

Keller Group plc (KLR.L, KLRGF), a specialist geotechnical services provider, on Monday announced the launch of a 100 million pounds share buyback tranche as part of its multi-year programme to return capital to shareholders.

The share buyback programme will commence on March 30 and is expected to end no later than March 31, 2027.

The company said that the shares repurchased under the programme will be held in treasury and may be used to meet obligations under employee share plans.

The company said the buyback is intended to reduce share capital while maintaining financial flexibility to invest in its strategy.

On Friday, Keller Group closed trading 2.43% lesser at GBp 1,924 on the London Stock Exchange.

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