ME Group Wins Shareholder Backing for £15–£20 Million Share Buyback

ME Group International ( (GB:MEGP) ) just unveiled an update.

ME Group International said shareholders approved all resolutions at a general meeting, clearing the way for the company to repurchase its ordinary shares on the market. The special resolution granting buyback authority passed with 99.82% support, while an ordinary resolution waiving certain takeover obligations for a concert party of shareholders was backed by 83.54% of independent investors.

With these approvals in place, ME Group confirmed it expects to commence a share buyback programme of between £15 million and £20 million following the release of its audited results for the year ended 31 October 2025. The move signals a renewed focus on capital returns and balance-sheet optimisation, potentially supporting the share price and underscoring management’s confidence in the company’s financial position and future cash generation.

The most recent analyst rating on (GB:MEGP) stock is a Hold with a £190.00 price target. To see the full list of analyst forecasts on ME Group International stock, see the GB:MEGP Stock Forecast page.

Spark’s Take on GB:MEGP Stock

According to Spark, TipRanks’ AI Analyst, GB:MEGP is a Neutral.

ME Group International’s strong financial performance and attractive valuation are offset by bearish technical indicators. The company’s robust revenue and profit growth, along with a stable balance sheet, contribute positively to its score. However, the current downtrend in stock price and oversold technical conditions present a risk. The low P/E ratio and high dividend yield enhance its valuation appeal, but investors should be cautious of the current market momentum.

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

More about ME Group International

ME Group International is a UK-listed instant-service vending equipment group that operates self-service photo booths and other automated vending machines. The company focuses on providing convenient, technology-driven services across high-traffic public locations, targeting both consumer and commercial users in multiple international markets.

Average Trading Volume: 1,345,994

Technical Sentiment Signal: Hold

Current Market Cap: £553.7M

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