Helios Underwriting (GB:HUW) has released an update.
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Helios Underwriting has announced a new share repurchase program committing up to £3.7 million to buy back shares, building on their previous program which acquired 2.78 million shares at an average price of £1.43. The repurchase is funded by existing cash resources and will continue until the set financial limit is reached or the authority granted at the AGM expires. Shares bought back will be held in treasury, with the option for later reissue or cancellation, and the repurchase plan adheres to market regulations and the company’s General Authority limits.
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