The Renewables Infrastructure Group Announces Share Buyback Programme

1 min read | August 09, 2024 09:15 AM EDT | By Team Kalkine Media

Google News:

The Renewables Infrastructure Group Announces Share Buyback Programme — Image source: @Dmitriy/Pixabay

Recent News

Glenstar Minerals (CSE:GSTR) Charts Green Monster Progress as Explorat...

TSX Penny Stocks Worth Watching As Market Focus Shifts

Franco-Nevada’s Royalty Edge Keeps Gold Investors Watching Closely

Constellation Software Dip Raises Big TSX Value Question Today

Make Kalkine Media
My Trusted Source

The Renewables Infrastructure Group (LSE:TRIG) has initiated a share buyback programme valued at up to £50 million. The announcement follows successful asset divestments over the past year and significant progress in reducing the Company's floating rate borrowings under its Revolving Credit Facility (RCF).

Programme Details

Start Date: 1 August 2024
End Date: No later than 31 May 2025, subject to market conditions
Purpose: To repurchase up to £50 million of the Company’s issued share capital
Repurchase Locations: London Stock Exchange and/or other trading venues
Shareholding: Repurchased shares will be held in Treasury

The Programme will be conducted under the authority granted at the TRIG annual general meeting on 15 May 2024, allowing the acquisition of up to 372,523,170 shares, approximately 14.99% of the issued share capital at the time.

Execution and Oversight

BNP Paribas S.A. and Investec Bank plc will manage the Programme through a non-discretionary arrangement, allowing share purchases during closed periods independently of the Company. The Board of TRIG will monitor the Programme and assess it in light of capital allocation priorities, including investment opportunities and additional disposals.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.