CMC Markets Plc Intention to Launch Share Buyback Programme (2906D)
March 02 2022 - 2:00AM
UK Regulatory
TIDMCMCX
RNS Number : 2906D
CMC Markets Plc
02 March 2022
2 March 2022
CMC Markets plc
("CMC" or the "Company")
Intention to Launch Share Buyback Programme
CMC today announces its intention to launch a share buyback
programme (the "Buyback Programme").
In light of the Company's robust capital position and having
considered the ongoing investment in the business, the Board has
decided to return excess capital to shareholders via the repurchase
of ordinary shares up to an aggregate purchase price of GBP30
million, subject to continuing regulatory approval.
The Buyback Programme should be considered as part of a normal
balanced approach to shareholder returns alongside the current
dividend policy, which is unchanged. Previously stated full year
guidance is also unchanged.
A further announcement containing more detailed information
regarding the share buyback will be released before the start of
any dealing under the Buyback Programme.
Enquiries
CMC Markets Plc
James Cartwright, Investor Relations
Euan Marshall, Chief Financial Officer
investor.relations@cmcmarkets.com
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation ("MAR") as it applies in the UK. Upon
the publication of this announcement via Regulatory Information
Service ("RIS"), this inside information is considered to be in the
public domain.
LEI of CMC Markets plc: 213800VB75KAZBFH5U07
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