McKay extends share buyback term by 12 months

Prospero, Mackay Securities

McKay Securities has extended the term of its £10m share buy-back programme by a year to July 2022.

In March, the company announced the £10m buyback, or 5% of the company’s shares, would run until 1 July. During this initial period 1.7 million shares were repurchased at an average price of 220.2p and at a total cost of £3.7m.

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