Business

Hunting PLC ("Hunting" or "the Company" or "the Group") Launch of Share Buyback Programme of up to $40 million

LONDON, August 28, 2025--Hunting PLC (LSE:HTG), the precision engineering group, today announces the commencement of a share buyback programme in respect of its ordinary shares of 25 pence each ("Ordinary Shares") for a maximum aggregate consideration of up to $40 million (the "Share Buyback Programme"), which is expected to run from the date of this announcement until completion.

articleHunting PlcAugust 28, 20255/company/hunting-plc/news/hunting-plc-hunting-or-the-company-or-the-group-launch-of-share-buyback-programme-of-up-to-dollar40-million
Hunting PLC ("Hunting" or "the Company" or "the Group") Launch of Share Buyback Programme of up to $40 million

About this update from Hunting Plc

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":222,"url":"https://media.zenfs.com/en/business-wire.com/b24ff4c3ef52b303157a0370567eb5ea"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/otymC50zF4a_wYO6cKTEMA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ0NDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/b24ff4c3ef52b303157a0370567eb5ea","width":480,"height":222}},"lazy":false},{"type":"text","content":"Return of capital reflects strategic progress and confidence in future prospects","length":80,"tagName":"p","attribs":{}},{"type":"text","content":"LONDON, August 28, 2025--(BUSINESS WIRE)--Hunting PLC (LSE:HTG), the precision engineering group, today announces the commencement of a share buyback programme in respect of its ordinary shares of 25 pence each ("Ordinary Shares") for a maximum aggregate consideration of up to $40 million (the "Share Buyback Programme"), which is expected to run from the date of this announcement until completion.","length":420,"tagName":"p"},{"type":"text","content":"As noted in the Group’s trading update on 9 July 2025, the Directors are pleased with Hunting’s financial performance since 2023 when its capital allocation framework was published at its Capital Markets Day ("CMD"). Given the strong trading reported since the CMD, the Directors have reviewed the Company’s capital allocation priorities and, following discussion with major shareholders, have announced an increase to the dividend distribution ambition together with a proposed share buyback, which reflects a rebalancing of its capital allocation priorities.","length":570,"tagName":"p"},{"type":"text","content":"The Share Buyback Programme has been launched in consideration of the Group's sustainable cash generation and strong balance sheet. In addition, the launch of the Share Buyback Programme reflects the Directors’ continued confidence in the prospects for the business following the strategic and operational progress made since the CMD.","length":338,"tagName":"p"},{"type":"text","content":"Details of the Share Buyback Programme","length":38,"tagName":"p"},{"type":"text","content":"The Share Buyback Programme is expected to be phased over three tranches, with the first tranche being for a maximum aggregate ...

More updates from Hunting Plc

Hunting PLCThe Companyordinary sharesshare buybackaggregate considerationcapital allocation