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IN BRIEF: Aeorema Communications to buyback up to 5% of share capital

ALN

Aeorema Communications PLC - London-based live events agency - Intends to buy back up to 5% of company’s market value. This ‘reflects the board’s confidence in the long-term outlook for the group’, it says. The buyback will be funded from existing surplus cash resources. The programme starts Monday and runs until the earliest of buying back 484,650 shares or the date of the next AGM in 2025. Shard Capital Partners LLP has been appointed to execute and manage the buyback.

Current stock price: 45.27 pence, closed up 5.3% in London on Monday

12-month change: down 26%

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