Brick manufacturer resumes £2 million share buyback programme

Michelmersh Brick has resumed its £2 million share buyback programme. The West Sussex-based bricks manufacturer announced on Monday, April 14, its plans to repurchase shares to "reduce its share capital in order to return value to shareholders". The programme is being conducted in cooperation with investment bank Canaccord Genuity.

Michelmersh shares witnessed a 1.5 per cent rise to 97.92 pence following the announcement.



The buyback initiative began on Monday and is set to continue until December 31, 2025, with all repurchased shares to be held in treasury..