10 July 2023 - share buyback

The AIM-listed specialist plastics group has announced the details of a share buyback programme.  The company aims to buyback up to 3m shares but will not spend more than £500,000 on the programme.  The buyback will start immediately and will be done at prices that the company believes will add value to shareholders.  The programme will end at the AGM or 31 October 2023 if that is earlier.  The buyback should help to underpin the share price at current levels and given the solid prospects at the group we maintain our recommendation of . . .

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