Likewise Group plc (LON:LIKE), the fast growing UK floor coverings distributor, has announced that it intends to conduct a share buyback programme of ordinary shares of £0.01 each in the capital of the Company up to a maximum aggregate consideration of £250,000.
Under the Buyback Programme, the Company will, at appropriate times, seek to buy back its Ordinary Shares using the Company’s existing cash resources for up to the Maximum Amount. The Buyback Programme is considered to be in the best interests of all shareholders.
Likewise Group has entered into an agreement for its broker Zeus Capital Limited to carry out purchases of its Ordinary Shares under the Buyback Programme on its behalf. As and when requested to do so by the Company, Zeus will seek to purchase Ordinary Shares with total purchases over the programme up to the Maximum Amount.
