Business
Share Buy Back
Nexteq PLC has announced the commencement of a share buy-back program to purchase up to 10% of its issued share capital, returning up to £5.4 million to shareholders. The company believes this is a productive use of cash reserves, offering an opportunity to repurchase shares at attractive levels to hold in treasury for employee share schemes and to enhance earnings per share. The buy-back, which begins today and will conclude at the next annual general meeting, will be managed by Cavendish Capital Markets Limited and will only proceed at prices deemed sensible for the company and its shareholders, particularly when there is a lack of liquidity. Disclaimer*
About this update from Nexteq Plc
[{"type":"text","content":"\n\n19 December 2025\nNexteq plc\n(\"Nexteq\", the \"Company\" or the \"Group\")\nShare Buy Back\n \nNexteq (AIM: NXQ), a leading technology solutions provider to customers in selected industrial markets, announces that following the approval by independent shareholders at the General Meeting of the Company held on 18 September 2025 (the \"General Meeting\"), it intends to commence a share buy back programme to purchase up to 10 per cent of the issued share capital of the Company (the \"Buy Back\").\n \nThe Directors believe that the Proposed Buy-Back Authority would be a productive use of the Company's cash reserves and provides the opportunity to repurchase shares at attractive levels to hold in treasury for the purpose of satisfying future obligations in relation to its employees' or other share schemes whilst at the same time enhancing earnings per share. The Directors also believe that the Proposed Buyback Authority would provide Shareholders with the flexibility, but without any compulsion, to realise value in respect of all or some of their shareholdings and is a tax efficient method of returning surplus cash to certain Shareholders. The Buy Back will return up to £5.4m to shareholders.\n \nThe Board is mindful of the financial impact a share buy-back may have on the Company and has therefore conducted a thorough exercise with regards to the capital requirements of the Group, its prospects and its funding available, whilst also taking into account the merits of providing greater short-term liquidity for Ordinary Shares. The Board will only proceed to make market purchases at prices which make sense for the Company and its Shareholders as a whole and intends to only do so when there is a lack of liquidity for the Ordinary Shares.\n \nThe Group's capital allocation policy remains unchanged, with a cash generative business model and robust balance sheet with good liquidity allowing it to invest in organic growth opportunities and take advantage of acquisition opportunities.\n \nThe Directors have confirmed that none of them (or any persons connected with them) will, nor do they have any current intention to, sell any of the Ordinary Shares which they beneficially own to the Company should the Company utilise the Proposed Buy-Back Authority.\n \nThe Buy Back is in accordance with the terms of the...