LSL Property Services extends share buyback

LSL Property Services has extended its share buyback programme for a further three months.

Back in April, the Newcastle-based estate agency announced a buyback worth up to £10m. Numis Securities Ltd, part of Numis Corp PLC, was appointed to manage the programme, which was due to end no later than June 30.

On Friday, LSL said that it has extended the buyback programme for a further three months. It will now end no later than 30 September, unless completed earlier.

LSL also announced that Numis has been instructed to continue the share buyback programme on an irrevocable basis within certain pre-set parameters, during the forthcoming closed period, which will end on the day that LSL publishes its interim results.

As with the Original Programme, LSL’s general authority can purchase up to a maximum of 10,515,895 ordinary shares, granted by shareholders at its AGM on 27 May 2022.

Shares in LSL ended trading on Friday at 338 pence, down 1.16%.



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