S4 Capital plc commences an Equity Buyback Plan for 57,432,769 shares, representing 10% of its issued share capital, under the authorization approved on June 9, 2023.
January 30, 2024 at 02:00 am EST
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S4 Capital plc (LSE:SFOR) commences share repurchases on January 29, 2024, under the program mandated by the shareholders in the Annual General Meeting held on June 9, 2023. As per the mandate, the company is authorized to repurchase up to 57,432,769 shares, representing 10% of its issued share capital. The minimum price which may be paid for each ordinary share is £0.25 pence and the maximum price which may be paid for each ordinary share is the higher of an amount equal to 105% of the average of the middle market quotations for an ordinary share, as derived from the London Stock Exchange Daily Official List, for the five business days immediately preceding the day on which the ordinary share is purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System. Any shares purchased under this authority may either be cancelled or held as treasury shares. The authority shall expire at the earliest of the conclusion of the next Annual General Meeting, or on September 8, 2024, whichever is earlier. As of April 12, 2023, the company had 574,327,690 ordinary shares in issue and no shares in treasury.
On January 26, 2024, the company announced a share repurchase program. Under the program, the company will repurchase up to £2.7 million worth of its shares. The repurchases will be made from the company's available cash reserves.
S4 Capital PLC is a United Kingdom-based digital advertising, marketing, and technology services company. The Company operates through three segments: Content, Data&Digital Media, and Technology Services. The Content segment offers creative content, campaigns, and assets at a global scale for paid, social and earned media from digital platforms and applications to brand activations that are focused to convert consumers at every possible touchpoint. The Data&Digital Media segment provides full-service campaign management analytics, creative production and advertisement serving, platform and systems integration and transition and training and education. The Technology Services segment is engaged in the digital transformation services in delivering advanced digital product design, engineering services and delivery services. The Companyâs customers are primarily businesses across technology, fast moving consumer goods (FMCG) and media and entertainment.
S4 Capital plc commences an Equity Buyback Plan for 57,432,769 shares, representing 10% of its issued share capital, under the authorization approved on June 9, 2023.
S4 CAPITAL PLC 
