ME Group Cancels 428,777 Shares Under Ongoing Buyback Programme

ME Group International ( (GB:MEGP) ) has issued an update.

ME Group International has continued its share buyback activity, repurchasing 428,777 ordinary shares between 7 and 10 April 2026 through Peel Hunt at prices ranging from 136.60p to 147.00p, with a volume-weighted average price of 141.72p. The company plans to cancel these shares, which will reduce the total number of shares in issue to 376,088,517 and may marginally enhance earnings per share and capital returns for investors.

The cancellation of the repurchased stock slightly shrinks ME Group’s equity base and is part of a wider buyback programme launched in March 2026, signalling management’s confidence in the firm’s valuation and cash generation. The updated share count also provides a new reference point for investors assessing their holdings and regulatory disclosure thresholds under the FCA’s transparency rules.

Spark’s Take on MEGP Stock

According to Spark, TipRanks’ AI Analyst, MEGP is a Outperform.

The score is supported primarily by strong financial performance (profitability gains and a de-risked balance sheet) and very attractive valuation (low P/E and high dividend yield). These positives are partially offset by weaker technicals (negative MACD and price below longer-term moving averages) and recent free-cash-flow softness.

To see Spark’s full report on MEGP stock, click here.

More about ME Group International

ME Group International is a U.K.-listed company that operates self-service vending equipment, including photo booths and related automated services, across multiple markets. The group focuses on consumer-facing machines placed in high-traffic locations, providing identification photos and other instant-use services to a broad customer base.

Average Trading Volume: 1,559,341

Technical Sentiment Signal: Hold

Current Market Cap: £545.2M

Find detailed analytics on MEGP stock on TipRanks’ Stock Analysis page.