St. James's Place said today (27 August) it is commencing a share buy-back programme to repurchase its ordinary shares, subject to a maximum consideration of £32.9m.
The programme will begin on 27 August 2024 and end no later than on 31 December 2024.
"The sole purpose of the buy-back programme is to reduce the capital of the company", the stock market statement said.
The programme will be carried out through an irrevocable non-discretionary agreement with JP Morgan Securities in accordance with its current buy-back authority granted by shareholders at the company's 2024 Annual General Meeting.
This arrangement is in accordance with the applicable UK Financial Conduct Authority's Listing Rules and the company's general authority to repurchase shares.
