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Mears Group Plc ( (GB:MER) ) has provided an update.
Mears Group PLC has announced a new share buyback program worth up to £18 million, following the completion of four previous programs that returned £73.2 million to shareholders. This initiative reflects the company’s strategy to return surplus capital to shareholders and manage its capital structure effectively. With continued strong trading performance expected in FY25, the company plans to seek shareholder approval for additional share purchase authority, reinforcing its commitment to flexible capital allocation.
More about Mears Group Plc
Mears Group PLC is a leading service provider in the Housing sector, managing and maintaining around 450,000 homes across the UK. The company primarily works with Central and Local Government through long-term contracts, focusing on property management, maintenance, and broader housing solutions aimed at addressing affordable housing challenges. Mears is committed to creating long-term value through innovative approaches that enhance customer satisfaction and the wellbeing of communities.
YTD Price Performance: -4.01%
Average Trading Volume: 149,474
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £309M
Find detailed analytics on MER stock on TipRanks’ Stock Analysis page.
