Pioneering Move by Lion Finance Group as it Initiates Buyback of its Own Stocks
Lion Finance Group PLC, a prominent player in the financial sector, has announced an intriguing development - a repurchase of its own shares. This move, dated 19 May 2025, will be done in coordination with Cavendish Capital Markets Limited, an eminent investment firm. The investment company will act on behalf of Lion Finance Group PLC to carry out the transaction.
In the announcement, Lion Finance Group provided detailed statistics about the repurchase. The number of shares being purchased stands at an impressive 5,000 and each of these is a regular share valued at £0.01. Furthermore, the purchase transpired on the London Stock Exchange, a premiere trading platform that ensures transparence and ensures legitimacy of transactions.
Following the cancellation, there will be 44,015,816 ordinary shares with voting rights left. This figure will serve as a benchmark for current shareholders to calculate whether they need to announce their interest in the company or a change thereof, abiding by the FCA’s Disclosure Guidance and Transparency Rules.
The transaction price represents the volume weighted average price Cavendish paid to acquire the shares. The maximum price paid per share is 6495.0000p and the lowest stands at 6407.5000p, with the average market price amounting to 6446.7965p.
Lion Finance Group will continue to make updates following the conclusion of any additional purchases under the buyback programme. Cavendish will continue to assist them during these transactions, providing aggregate data regarding each one and allowing the company to keep their stakeholders informed.
- •Transaction in Own Shares investegate.co.uk19-05-2025
- •Transaction in Own Shares investegate.co.uk23-05-2025
- •Director/PDMR Shareholding investegate.co.uk23-05-2025