5 February 2020 – share buyback programme

The company has announced that it is to spend up to £1m of its cash resources to fund a share buyback programme following the recent weakness in the share price. The programme is to start immediately and will finish no later than 4 May.  The purchases will be made by Peel Hunt, the company’s broker and there are certain parameters controlling the buyback programme.  This should help to provide support to the share price and we continue to rate the shares as a BUY.