In Major Business Move, Legal & General Group Plc Substantially Buys Back its Own Shares

In a recent shake-up in the finance arena, well-known Legal & General Group Plc has left observers wide-eyed as it made significant purchases of its own shares. The grand-scale manoeuvre was made possible through the company’s broker, Barclays Capital Securities Limited.

The company’s first transaction took place on the 2nd of April, 2025, where it acquired a whopping 550,000 of its ordinary shares, each priced at 2.5 pence. This bold move saw ordinary shares being transacted through multiple channels including the London Stock Exchange, CBOE BXE, Turquoise Services Limited, Aquis Limited, and Cboe Europe Limited.

In a follow-up transaction on the 4th of April, 2025, the company upped the game even further by executing the purchase of a colossal number of 1,000,000 of its ordinary shares. The acquired shares are set to be cancelled, adhering to the company’s previously announced share buyback programme from the 12th of March, 2025.

These bold moves have set a ripple effect throughout the sector with many investors and market spectators taking a keen interest in the company’s robust strategy. This could mark a significant step by Legal & General Group Plc, a pioneer in its right, solidifying its position within the industry and indicating its intention to secure control and drive long-term growth.