**Summary**
LSL Property Services PLC, a leading B2B platform for UK residential property market services, has announced a new £12 million share buyback programme (SBB) following the completion of its previous £7 million buyback in April 2024. This initiative reflects the companys financial strength, capital-light operating model, and robust cash generation capabilities. The programme, managed by Shore Capital Stockbrokers Limited, will run until January 26, 2027, with shares repurchased using existing cash resources. The buyback aims to enhance shareholder returns alongside twice-yearly dividend payments. Repurchased shares will be held in treasury, with no voting rights or dividend entitlements. LSL has authority to buy back up to 10,398,251 ordinary shares and plans to seek renewal of this authority at its 2026 AGM. The programme complies with UK Market Abuse Regulation (UK MAR) and Listing Rules, with details of repurchases disclosed via a Regulatory Information Service. Under the previous buyback, LSL repurchased 2,610,470 shares (3% of outstanding capital) at an average price of 268 pence per share. LSL remains a key player in the UK property market, providing services to mortgage intermediaries, estate agents, and major lenders.
**Key Points**
New £12m share buyback programme announced by LSL Property Services PLC.
Programme reflects financial strength and cash generation capabilities.
Managed by Shore Capitalrunning until January 262027.
Repurchased shares held in treasury with no voting or dividend rights.
Compliant with UK MAR and Listing Rules, with disclosures via Regulatory Information Service.
Previous buyback repurchased 3% of outstanding shares at 268 pence per share.
LSL remains a leading provider of property services in the UK.