Business
Suspension of share buy-back programme
Suspension of share buy-back programme.
About this update from Sage Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 6586G\n Sage Group PLC\n 18 March 2020\n \n \n \n \n Suspension of share buy-back programme\n \n \n 18 March 2020\n \n \n The Sage Group plc (\"Sage\") today announces that, in light of the current COVID-19 pandemic, it has decided to suspend its recently announced share buy-back programme, in order to preserve a high level of liquidity. \n \n \n Sage has a strong balance sheet and low debt, supported by a resilient, recurring revenue stream and robust cash flow generation. Whilst the impact of COVID-19 on Sage's business performance to date has been limited, the Board believes that given the highly uncertain economic outlook it is prudent to suspend the share buy-back. \n \n \n The Board will consider restarting the share buy-back programme in due course. \n \n \n This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014. The person responsible for making this announcement on behalf of Sage is Vicki Bradin (Company Secretary).\n \n \n \n \n \n Enquiries \n \n \n The Sage Group plc +44(0) 191 294 3457 \n \n \n Jonathan Howell, Chief Financial Officer \n \n \n James Sandford, Investor Relations\n \n \n Amy Lawson, Media\n \n \n FTI Consulting +44(0) 20 3727 1000 \n \n \n Charles Palmer \n \n \n Dwight Burden \n \n \n \n \n \n \n \n This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.\n END\n \n MSCKKFBQNBKDPND\n ","length":2943,"tagName":"div"}]