Business
£12m Share Buyback Programme
LSL Property Services PLC has announced a new £12.0 million share buyback programme, following the completion of a previous £7.0 million programme. This initiative reflects the Group's financial strength and strong cash generation, with the intention to repurchase ordinary shares using existing cash resources. Shore Capital Stockbrokers Limited has been appointed to manage this non-discretionary programme, which will operate under specific trading volume and pricing restrictions, and repurchased shares will be held in treasury. The previous buyback programme saw the repurchase of 2,610,470 ordinary shares at an average price of 268 pence per share. Disclaimer*
About this update from Lsl Property Services Plc
[{"type":"text","content":"\n\n27 January 2026\nLSL Property Services plc (\"LSL\" or \"Group\")\n£12m Share Buyback Programme\nFollowing the recent completion of its £7.0 million share buyback programme which was announced on 25 April 2024, LSL, the leading B2B platform for UK residential property market services, announces the commencement of a new share buyback programme in respect of its ordinary shares of 0.2 pence each (\"Ordinary Shares\") up to a maximum consideration of £12.0 million (the \"Maximum Amount\") from the date of this announcement (\"SBB\"). \nThis new programme reflects the financial strength of the Group, its capital light operating model and its ongoing strong cash generation capability. Under the new SBB, the Group will seek to buy back up to £12m its Ordinary Shares using existing cash resources. The Board believes that this is an appropriate use of the Group's capital and will continue a programme of buybacks as a relevant element of total returns to shareholders, alongside twice yearly dividend payments.\nShore Capital Stockbrokers Limited (\"Shore Capital\") has been appointed to manage the non-discretionary share buyback programme to repurchase Ordinary Shares on its behalf for a period commencing today and ending no later than 26th January 2027. LSL also announces that Shore Capital has been instructed to carry out the SBB on an irrevocable basis under certain pre-agreed circumstances. In such circumstances, Shore Capital will conduct the SBB on LSL's behalf and make trading decisions under the SBB independently of LSL.\nIn order to complete the SBB in an effective manner, the Group has instructed Shore Capital that on any given trading day to buyback Ordinary Shares under the SBB in excess of 25 per cent. of the average daily trading volume on the trading venue where the purchase is carried out. On days where a buyback of shares exceeds 25 per cent. of the average daily trading volume, LSL will not fall within the exemption contained in Article 5(1) of UK MAR (as later defined).\nShore repurchases will be made on the Group's behalf and in accordance with the arrangement with Shore Capital in open market transactions, depending on market conditions, share price and trading volume. The maximum price paid per Ordinary Share will be limited to no more than the higher of: (i) 105 per cent of the average middl...