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Brooks Macdonald ( (GB:BRK) ) has provided an announcement.
Brooks Macdonald Group plc has executed a buyback of 6,000 ordinary shares at an average price of 1,419.17 pence per share as part of its ongoing Share Buyback programme. These shares will be cancelled, reducing the total issued share capital to 16,481,539 shares. This move aligns with the company’s strategy to optimize capital structure and enhance shareholder value, potentially impacting its market positioning positively as it prepares to move its listing to the Main Market of the London Stock Exchange.
More about Brooks Macdonald
Brooks Macdonald Group plc is a prominent independent provider of wealth management services in the UK. Established in 1991 and listed on AIM since 2005, the company is recognized for its strong financial standing and innovative product offerings, such as the Managed Portfolio Service (MPS) and bespoke income solutions. It serves a diverse client base by delivering tailored investment strategies aimed at achieving financial goals and supports clients throughout their lives. The company plans to transition its listing from AIM to the Main Market of the London Stock Exchange in March 2025.
YTD Price Performance: -13.43%
Average Trading Volume: 48,707
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £231.4M
Learn more about BRK stock on TipRanks’ Stock Analysis page.
