Facilities management company Mitie Group PLC said Tuesday it intends to buy back up to £50 million ($62.2 million) of its shares in two tranches to return excess cash to its shareholders after an "encouraging" performance over the last 12 months.
Georgia Capital PLC, which invests in businesses in the former Soviet republic of Georgia, said Wednesday that it will return $10 million to its shareholders in a buyback program over the next three months as it distributes excess cash.
Global events organizer Hyve Group PLC on Friday revealed plans for it to be taken over by a consortium of two private equity companies, Providence Equity Partners of the U.S. and Searchlight Capital Partners of the U.K., in a proposed £320 million ($396 million) transaction.
Building materials giant CRH PLC said Friday it has initiated another share buyback program of up to $750 million to return excess cash to its shareholders between Friday and the end of June, just after completing a $300 million program.
Great Eastern Energy Corp. said on Monday that it has asked Britain's financial regulator to remove and cancel its securities from the London Stock Exchange after 18 years of listing because the volume of trading does not "justify the costs."