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Investments and investor services

CMC Markets kicks off its £30mln share buyback programme

CMC Markets currently has a market capitalisation of £725mln

CMC Markets PLC (LSE:CMCX) has kicked off the share buyback programme it announced earlier this month.

The trading platform operator said it plans to buy up to £30mln of shares by the end of June.

The maximum aggregate number of shares that will be repurchased is 29.07mln. The company has previously stated that the return of excess capital to shareholders will not affect the group’s dividend policy, which remains unchanged.

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