Situations

Special dividends, tender offers, returns of capital, large buy-backs.

Thursday

1. Capital return Auction Technology Group ATG£580m new

   Return of excess capital

   As set out at the HY26 results, the Board is considering options for returning excess capital to shareholders.

   Stage Board considering optionsStatus Board considering options for returning excess capital (22 …Leverage c.1.5x adjusted net debt to adjusted EBITDA expected at …

   Next Detail of capital return at FY26 results 24 Nov · in 29 days −1% since 22 Oct · moved 22 Oct

Tuesday

1. Capital return Gulf Keystone Petroleum Ltd Com Shs GKP£462m new

   Special dividend

   Gulf Keystone Petroleum Ltd Com Shs: special dividend of USD 50 million, 4.2% of the market value – proposed (20 Oct 2026).

   Stage ProposedKind special dividendAmount USD 50 millionOf market value 4.2%

   −5% since 20 Oct · moved 20 Oct

Earlier this month

1. Capital return YouGov YOU£314m

   Share buyback replacing dividend

   In March 2026 the Board said it expected to replace the annual dividend with a buyback, citing a gap between intrinsic and market value. Facilities were amended by 6 Aug 2026.

   Balance sheet Year-end leverage 1.7x; net debt £142.1m; debt facilities …Size Up to £15m maximum aggregate consideration, in lieu of the …

   Next Buyback expected to complete within second half of FY27 +58% since 24 Mar · moved 13 Oct
2. Capital return AdvancedAdvT Limited ADVT£233m

   £10m buyback and possible tender offer

   Having already completed £10.0 million of share buyback, and we have initiated a further £10 million programme in September.

   Next half year results 2 Nov · in 7 days +24% since 4 Mar · moved 12 Oct
3. Capital return FirstGroup FGP£1,106m

   Buyback programme

   FirstGroup: buyback programme of £100m, 9.8% of the market value – proposed (12 Oct 2026).

   Stage ProposedKind buyback programmeAmount £100mOf market value 9.8%

   +24% since 18 Jun · moved 12 Oct
4. Capital return Celebrus Technologies CLBS£19m

   Share buyback programme

   The up-to-1,000,000-share buyback through Cavendish launched on 13 Feb 2026. The H1 update shows $2.0m spent in the period, alongside a $1.2m final dividend, while cash fell to $22.3m.

   −58% since 13 Feb · moved 6 Oct
5. Capital return Goodwin Plc GDWN£1,077m

   Dividend policy review

   On 9 Sep 2026 the Board said it intends to pay a significant proportion of net sale proceeds to shareholders. The 30 Sep update says the Board is still weighing the mechanism with advisers; no decision on amount, timing or form.

   Proposed dividend Ordinary dividend of 330p per share (2025: 280p), up 18% …Policy Board considering capital allocation and dividend policy …

   Next Board decision on amount, timing and form of return −36% since 23 Mar · moved 30 Sep
6. Capital return Baltic Classifieds Group BCG£786m

   Buyback programme

   Baltic Classifieds Group: buyback programme of €180 million, 23% of the market value – proposed (30 Sep 2026).

   Stage €118.0m drawn; leverage 0.7xKind buyback programmeAmount €180 millionOf market value 23%

   +17% since 24 Apr · moved 30 Sep
7. Capital return Venture Life Group VLG£80m

   Share buyback programme

   The buyback began in September 2025 and was extended on 20 August 2026. The results show £4.7m returned by period end (about 7.0m shares). After the period a further 3.6m shares were bought for £2.4m.

   Total returned £7.1 million, 10.6 million shares, average price 67.3 pencePost-period buying 3.6 million shares for £2.4 million

   Next Board decision on any further buyback after the extended programme +2% since 26 Jan · moved 29 Sep

A row opens the situation with its chart and every step. Company pages also show the smaller matters – a new CEO, a plan, a contract, director buying.