Pebble Group PLC (GB:PEBB) has released an update.
Pebble Group PLC, a key player in the global promotional products industry, has announced the termination of their original share buyback program and the initiation of a new scheme with Panmure Liberum to repurchase shares up to £4.36 million. This action follows the company’s commitment to buy back £5.0 million worth of shares, as stated in their 2023 full year results. The new buyback program aims to minimize the company’s share capital, with the acquired shares set to be canceled, thereby reducing the issued share capital.
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