Legal & General Swing Into Action with Purchase and annihilation of 550,000 Ordinary Shares

In a strong signal of confidence and consolidation in its operations, the Legal & General Group Plc has triumphantly announced a noteworthy share buyback action. The move, which was executed on the 2nd of April 2025, has seen the company acquire a staggering 550,000 of its own shares through Barclays Capital Securities Limited, its broker.

Upon acquisition, all repurchased shares were immediately nullified in a clear testament of Legal & General’s bullish position and assertive financial strategy. The average price paid for each share hovered between 242.88p to 243.19p, while the highest paid price was fixed at 245p, and the lowest at 240.80p.

The buyback operation aligns thoroughly with Article 5(1)(b) of Regulation (EU) No 596/2014 as consolidated and installed under English law. Conspicuously, all the details of individual trades executed by Barclays Capital Securities Limited for the share buyback scheme can be found in the public domain. The Company, however, was clear that the announcement does not act as a solicitation or offer for securities in any jurisdiction.

The London Stock Exchange and its news service, the RNS, which has approved to operate as a Primary Information Provider, confirmed this enticing development. It’s undoubtedly an invigorating period for Legal & General and their stakeholders as this strategic move suggests a positive outlook on the part of the company. The stock market is sure to respond favourably to the commitment shown by Legal & General Group Plc in securing its financial stability.