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Brooks Macdonald Executes Share Buyback, Updates Capital Structure

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Brooks Macdonald Executes Share Buyback, Updates Capital Structure

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Brooks Macdonald ( (GB:BRK) ) has issued an update.

Brooks Macdonald has repurchased 2,000 of its ordinary shares at 1,440 pence each as part of its Share Buyback programme, with these shares subsequently cancelled. This transaction adjusts the company’s total issued share capital to 16,500,539 shares, potentially impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules. This strategic move is part of Brooks Macdonald’s ongoing efforts to manage its capital structure effectively, aligning with its broader business objectives and market operations.

More about Brooks Macdonald

Brooks Macdonald Group plc is a leading provider of wealth management services in the UK. Established in 1991 and listed on AIM since 2005, the company is known for its strong financial position and commitment to delivering consistent investment performance. They offer a wide range of tailored financial solutions, including Managed Portfolio Service (MPS) and bespoke income solutions, catering to clients’ evolving needs. Brooks Macdonald is recognized for its innovation in the industry and announced plans to move its listing to the Main Market of the London Stock Exchange in March 2025.

YTD Price Performance: -10.45%

Average Trading Volume: 44,405

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £241.2M

For a thorough assessment of BRK stock, go to TipRanks’ Stock Analysis page.

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