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MP Evans Group PLC - Tunbridge Wells, England-based producer of Indonesian crude palm oil - Starts a new buyback programme, with a total budget of up to £12 million. Says £2 million will be used to buyback shares up to September 17. MP Evans adds that the remaining £10 million may be used during the same period ‘in more limited circumstances,’ including if ‘any more material shareholdings’ are offered for sale. The company says its overall business and assets are undervalued, with an enterprise value below the independent valuation. ‘The group’s robust balance sheet continues to provide an opportunity to repurchase shares at advantageous levels, as part of its overall approach to capital allocation, which will focus on the long-term value creation for shareholders,’ MP Evans adds. Current stock price: 1,065.00 pence 12-month change: up 22% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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