CVS Group (CVSG): Buyback programme
This situation live
CVSG CVS Group
26 May 2026 · announced · +4% since
CVS is launching a share buyback programme to purchase ordinary shares and has allocated up to £50 million to the buyback programme.
Buyback programme
proposed
Kindbuyback programme
Amount£50m
Of market value5.8%
As of 26 May 2026 ↗
Since Oct 2023: 122 situations of this kind – paid out 64%, went quiet 36%; median share price +5% six months after they opened
NOV24
Next: Completion of buyback; capital allocation presentation in 30 days
Every step · 2
- 26 May 2026 announced – CVS is launching a share buyback programme to purchase ordinary shares and has allocated up to £50 million to the buyback programme. ↗
- 26 May 2026 proposed – The margin payable on drawn debt has reduced by 20 basis points with facilities provided by a syndicate of eight banks including the first Australian bank. ↗
What is happening
CVS Group: Buyback programme – proposed. ['proposed']
- In short
- Began in October 2025 as a £20m buyback funded from headroom, with leverage at 1.18x. After the CMA final decision and the bank refinancing, the Board launched up to £50m. This announcement starts it: Peel Hunt and Berenberg buy and cancel shares, with completion expected by 24 November 2026.
- Announced
- 26 May 2026 · announced
- Latest
- 26 May 2026 · announced
- Size
- Up to £50m, shares bought on the London Stock Exchange and other venues, then cancelled
- Brokers
- Peel Hunt LLP and Joh. Berenberg, Gossler & Co. KG, London Branch, as riskless principals, trading independently of the Company
- Leverage policy
- No more than 2.0x bank test net debt / bank test EBITDA
- Next milestone
- Further announcement on maximum shares and terms; capital allocation presentation on 23 July 2026
- Authority
- AGM authority of 18 November 2025; 6,040,012 shares remain available for purchase
- Purpose
- Return surplus capital to shareholders and reduce share capital under the capital allocation policy
- Timetable
- Expected to be completed by 24 November 2026
- Reporting
- Each purchase announced by the end of the 7th daily market session after the trade
What comes next
Completion of buyback; capital allocation presentation (24 Nov 2026).
From the company's own announcements. Not investment advice.
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