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IN BRIEF: QinetiQ launches next £50 million buyback tranche

ALN

Qinetiq Group PLC - Hampshire, England-based defence technology company - Says it has completed the first £50 million tranche of its expanded share buyback programme and has now signed an agreement to begin the next phase. The group says the initial tranche, executed by Numis Securities Ltd, forms part of the £200 million extension to its ongoing buyback plan announced in March. The full programme is scheduled to run over two years. QinetiQ says it has now entered into a new agreement with Deutsche Numis to carry out the second £50 million tranche, which is expected to be completed no later than March 31, 2026.

Current stock price: 442.40 pence

12-month change: up 4.1%

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