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IN BRIEF: AEP Plantations begins up to £8 million buyback scheme

ALN

AEP Plantations PLC - owner, operator and developer of palm oil plantations in Indonesia and Malaysia - Commences a new buyback programme effective Tuesday this week, worth up to £8 million. This follows its up to £8 million repurchase programme completed on December 3. AEP says the new scheme will run until June 30, or if earlier, its annual general meeting this year. The company says its shares are undervalued relative to its ‘strong fundamentals and growth potential’. The shares will be repurchased by broker Cavendish Capital Markets Ltd.

Current stock price: 1,445.00 pence, up 4.0% on Tuesday morning in London

12-month change: more than doubled from 642.00p

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