Lion Finance Group PLC: A Substantial Transaction in Own Shares Proceeds to Reinforce Stakeholder Confidence

Lion Finance Group PLC, the notable FTSE250 company, recently announced an impressive transaction in its own shares. This move saw Cavendish Capital Markets Limited purchasing on behalf of the company a significant number of ordinary shares - to the tune of 5,000 - on the London Stock Exchange. This acquisition came about as part of a detailed share buyback and cancellation programme which Lion Finance announced back in 2024, with an extension in 2025. What stands out about this whole transaction is the volume-weighted average price paid by Cavendish in sourcing the shares, which ranged from 5355p to 5460p, reflecting an average market price of 5395.26p per share. With these repurchased shares now held securely in the company’s treasury, Lion Finance is set to apply for their cancellation, which will streamline the total number of ordinary shares with voting rights to 44,105,708. This move not only signifies the continued executions of the company’s buyback programme but also underscores its ongoing commitment to strengthening its financial solidity and providing robust returns for its shareholders. The success of these additional purchases is a clear cut reminder that Lion Finance Group PLC has the grit and the rigour to maintain its buyback and cancellation protocol amidst ever-changing market conditions. This is a bold step by Lion Finance, one that reaffirms its commitment to shareholder interest and market transparency. The company’s confidence in taking such decisive action reflects its dedication to upholding responsible financial management and undoubtedly cements its standing as one of the stalwarts in the finance sector.