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IN BRIEF: Qinetiq to launch first tranche of £200 million buyback

ALN

Qinetiq Group PLC - Hampshire, England-based defence technology company - Confirms the completion of the third £50 million tranche of its £150 million share buyback programme, which was carried out by Numis Securities Ltd. Qinetiq in March said it will buy back up to an additional £200 million in share overs the next two years. Qinetiq on Thursday says it has commissioned Numis to execute the first tranche of the new programme, for up to £50 million. The first tranche is expected to complete by November 28.

Current stock price: 558.00 pence, up 1.3% in London on Thursday morning

12-month change: up 22%

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