Driver Group plc (GB:DRV) has released an update.
Driver Group plc, a global consultancy specializing in dispute avoidance and resolution, has announced a share buyback programme to repurchase £0.25 million of its ordinary shares, aiming to reduce share capital and return cash to shareholders. The buyback, which is to be funded by the company’s surplus cash, will continue until the earlier of the 2025 AGM or 15 months from the 2024 AGM. Despite not relying on the EU Market Abuse Regulation’s safe harbour conditions due to low liquidity, there is no certainty that the programme will be fully executed or that any shares will be repurchased.
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