Legal & General Group Plc Buys Back a Million of its Own Shares in a Recent Transaction

Published: 18 Jul 2025
On July 18, 2025, Legal & General Group Plc bought back 1,000,000 of its own shares, effectively reducing the number of ordinary shares in the market.

Legal & General Group Plc, the renowned insurance and asset management company, made headlines on July 18, 2025, with a bold commercial move, buying back 1,000,000 of its ordinary shares on the open market. The shares, valued at an average price of approximately 256.56 per share, were negotiated through the company’s broker, Barclays Capital Securities Limited.

The decision to repurchase these shares is part of the Company’s share buyback programme, initially announced on March 12, 2025, aimed at increasing shareholder value. Post the settlement of these purchases, and cancellation of the purchased ordinary shares, the total number of ordinary shares in the open market would stand at 5,731,233,254. Notably, no ordinary shares are held in treasury, therefore implying that the total number of voting rights would also be 5,731,233,254.

However, it was reinforced that this announcement does not constitute any form of solicitation of an offer for securities. The information was made public by RNS, the news service of the London Stock Exchange after taking due approval from the Financial Conduct Authority. RNS and the London Stock Exchange ensures rightful use and further distribution of this information, keeping significant importance to data privacy.