Sage to launch another £300m share buyback

Sage Group

1,292.50p

12:40 24/12/24

0.27%

3.50p

Software firm Sage will commence a share buyback programme of up to another £300.0m, following completion of its current £300.0m programme announced in March.

FTSE 100

8,136.99

12:59 24/12/24

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FTSE 350

4,491.87

12:54 24/12/24

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FTSE All-Share

4,449.61

13:14 24/12/24

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Software & Computer Services

2,642.54

12:54 24/12/24

0.66%

17.29

Sage said on Friday that the new buyback programme would run from 6 September, and was expected to end no later than 24 January 2022.

The FTSE 100-listed firm stated the buyback programme was consistent with its "disciplined approach" to capital allocation and reflected its medium-term leverage objectives.

Morgan Stanley and JP Morgan Securities will act as joint brokers on the programme.

As of 0845, Sage shares were up 0.027% at 743.20p.