SSE (GB:SSE) has released an update.
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SSE PLC has initiated a share buyback programme, committing up to £75 million to repurchase shares, with the aim of capping their scrip dividend take-up at 25% for the financial year ended March 2024. The buyback, which is being facilitated by UBS AG London Branch, will run until 12 November 2024 and involves acquiring no more than 3,806,487 ordinary shares. These shares will be held as treasury stock with the possibility of cancellation or re-issue in the future.
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