McKay Securities Plc ( McKay or the Company ), the only UK REIT specialising entirely in the South East and London office, industrial and logistics markets, today announces the launch of a share buy-back programme (the Programme ). As set out in the Company s interim results for the six-month period to 30 September 2020, the successful disposal of 30 Lombard Street, EC3 contributed to the reduction of the Company s LTV to 30.3%. Since then, the Board has maintained a strong balance sheet position in response to the economic and market uncertainty resulting from the Covid-19 crisis, covered in more detail in a separate Trading Update also issued today.