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An update from The Mission Group ( (GB:TMG) ) is now available.
The Mission Group plc has completed the sale of April Six Limited and its subsidiary to Marketbridge, Inc. for up to £17.4 million. This sale is part of the Group’s Value Restoration Plan, which has improved operational performance and strengthened its financial position by reducing net debt significantly. The proceeds from the sale will be used to repay bank debt, enhancing the company’s leverage and interest cover ratios. Additionally, the Group has updated its capital allocation policy, focusing on maintaining a strong balance sheet, investing in organic growth, and returning surplus cash to shareholders. A share buyback of up to £1.5 million will commence immediately, and ordinary dividends are expected to resume in 2026.
More about The Mission Group
The Mission Group plc, known as The Brand Performance Group, is a collective of digital marketing and specialist communications agencies. The company focuses on delivering measurable, results-driven campaigns and is recognized as a preferred creative partner for business growth. It operates top-tier agencies with strategic specialisms and global reach.
Average Trading Volume: 113,815
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £21.92M
Find detailed analytics on TMG stock on TipRanks’ Stock Analysis page.
