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IN BRIEF: Restore kicks off £20 million buyback programme

ALN

Restore PLC - London-based business-to-business provider of data and communications services - Commences the up to £20 million buyback programme announced alongside its annual results on Thursday. Says any shares repurchased will be cancelled. Restore has engaged Investec Bank PLC to execute the first £10 million tranche, commencing with immediate effect, and Canaccord Genuity Ltd for the remaining £10 million. It expects the second tranche to end no later than March 31, 2027.

Current stock price: 251.50 pence

12-month change: up 8.9%

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