IN BRIEF: Mears Group completes GBP20 million share buyback

Mears Group PLC - Gloucester-based housing maintenance and social housing provider - Completes ...

Alliance News 19 April, 2024 | 7:47AM
Email Form Facebook Twitter LinkedIn RSS

Mears Group PLC - Gloucester-based housing maintenance and social housing provider - Completes GBP20 million share buyback programme announced in February. Buys back and cancels 5.6 million share, 5.5% of its total prior to the buyback. It pays an average of 358.7 pence per share.

Last week, Mears said pretax profit rose 34% to GBP46.9 million in 2023 from GBP34.9 million in 2022, on a 14% increase in revenue to GBP1.09 billion from GBP956.6 million. In addition to the share buyback, it declared a cash dividend for 2023 of 13.00p, up 24% from 10.5p for 2022.

Current stock price: 357.80p

12-month change: up 75%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Mears Group PLC 366.00 GBX 0.83 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures