CMC Markets continues to buy shares under £30M share repurchase program
CMC Markets Plc (LON:CMCX), a leading provider of online trading and institutional platform technology solutions, announces that it purchased 111,040 of its ordinary shares as part of its up to £30 million share repurchase program on March 17, 2022.
The lowest price paid per share was 250.0p, whereas the highest price paid per share was 259.0p. The volume weighted average price paid per share was 254.2p. The company intends to cancel the purchased shares.
On March 16, 2022, the company purchased 118,000 of its shares under the program, and on March 15, 2022, the company purchased 119,000 shares.
The Buyback Programme commenced on March 15, 2022. It will be completed no later than 30 June 2023, subject to continuing regulatory approval.
The maximum aggregate number of shares that will be repurchased is 29,071,747 ordinary shares. The purpose of the Buyback Programme is to reduce share capital.
The company has appointed RBC Europe Limited to manage the Buyback Programme on its behalf. Any purchases made during closed periods, shall be made independently of and uninfluenced by the company.