Helical (HLCL): Return of capital

This situation live

£212m · 187.0p · −5% since the first step

Capital return

Return of capital

paid · paid out

Kindreturn of capital

Amount£12m

Of market value5.5%

Since Oct 2023: 126 situations of this kind – paid out 66%, went quiet 34%; median share price +6% six months after they opened

Every step · 4

16 Jul 2026 proposed – As previously announced on 22 May 2026, the Company proposes to return up to £17m to Shareholders through a combination of a capital return B Share Scheme... ↗
20 Jul 2026 paid – Assuming there is no unexpected change in the position of the Company or market conditions generally, the Company intends that the B Shares will be redeemed... ↗
21 Jul 2026 paid – Following its announcement on 22 May 2026 in relation to the proposed return of capital of approximately £12 million by the Company by way of a B Share... ↗
23 Oct 2026 paid – · Following completion in May 2026 of the £333m sale of 100 New Bridge Street to State Street Corporation, which crystallised a £31m profit for Helical, the... ↗

What is happening

Helical: Return of capital – paid. ['paid']

In short: After the 100 New Bridge Street sale, Helical proposed on 22 May 2026 returning up to £17m: £12m by B Share Scheme and £5m by buyback. The buyback began on 8 June 2026 and by 15 July had bought 1,109,980 shares at 189.71p. The B Share vote is at the GM on 16 July 2026, followed by a 100-for-105 consolidation.
Announced: 16 Jul 2026 · proposed
Latest: 23 Oct 2026 · paid
Buyback size: Up to £5m; runs to 30 September 2026 at the latest
Broker: Peel Hunt LLP, buying as riskless principal and deciding independently within agreed parameters
Duration: From 8 June 2026 until the earlier of 30 September 2026 and completion
Shares bought: Held in treasury for employee share options, or may be cancelled
Authority: 2025 authority, up to 12,335,519 shares; expires at the earlier of 17 October 2026 and the 2026 AGM
Share consolidation: 100 for 105, after the B Share vote, also subject to GM approval
Buyback progress: 1,109,980 shares bought at a weighted average 189.71p, 8 June to 15 July 2026
Context: Over half of the £31m profit realised on the 100 New Bridge Street sale

From the company's own announcements. Not investment advice.

Briefing Pro

What it does, how it got here, what management promised and delivered – written from its own announcements.

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