{
  "id": 7728114,
  "title": "AdvancedAdvT launches £10m share buyback programme",
  "url": "https://urgent.news/2026/09/16/advancedadvt-launches-10m-share-buyback-programme",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T06:31:22.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/advancedadvt-launches-10m-share-buyback-programme-93CH-4902941"
  },
  "original_language": "en",
  "account": "AdvancedAdvT Limited (AIM: ADVT) has unveiled a new share buyback programme worth up to £10 million, aiming to acquire ordinary shares at a weighted average price of 162.63 pence per share. The initial buyback, launched on March 4, 2026, saw the company purchase 6,148,953 shares for £10 million, with these shares now held in treasury.\n\nThe company has engaged Singer Capital Markets Securities Limited to manage the new buyback initiative for a 12-month period. The maximum price payable under the programme will not exceed 5% above the average middle market quotation for five business days preceding any repurchase date.\n\nAcquired shares may be retained for future use in employee share schemes, future acquisitions, or cancellation. The board believes the current market price does not fully capture the intrinsic value of the group's software operations. Additionally, the board continues to explore potential returns of capital to shareholders.\n\nTrading for the six months ended August 31, 2026, met management expectations, and AdvancedAdvT will deliver a trading update for the first half in early October. Interim results are set to be announced in the week of November 2. The company assures that none of its directors or connected persons intend to sell ordinary shares during the programme, and there is no guarantee that the full programme will be executed or that any purchases will occur.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}