Bytes Technology Group PLC (BYIT.L,BYI.JO), a UK-based IT solutions and software reseller, on Tuesday announced that it has commenced a share repurchase programme to buy back up to 25 million pounds of its ordinary shares of 1 pence each.
Purchases will be made in two equal tranches of up to 12.5 million pounds each on the London Stock Exchange and are expected to complete in the first half of financial 2027, the company said in a statement.
The company has appointed Deutsche Numis Ltd. and Peel Hunt LLP to manage the Programme independently under discretionary mandates.
On the LSE, shares of Bytes Technology were losing 0.57 percent, changing hands at 316.20 pence.
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