Aptitude Software Group PLC has announced the commencement of a share buyback programme to return up to £20 million to shareholders over the next three financial years. The company's Capital Allocation Policy outlines its priorities, including managing working capital, investing in organic growth, maintaining progressive dividends, and providing enhanced returns to shareholders. The Share Buyback Programme will involve on-market purchases of up to £6 million worth of ordinary shares in the Company, in accordance with certain pre-set parameters.

The Share Buyback Programme aims to reduce the share capital of the Company and return capital to shareholders wishing to participate. It will be financed from existing cash resources and will not exceed the maximum number of ordinary shares the Company is authorized to purchase. The purchases will be made within certain price limits and in accordance with regulatory requirements. Aptitude has entered into arrangements with Canaccord Genuity Limited to conduct the Share Buyback Programme on a broker-managed basis.

The Share Buyback Programme is set to commence on the date of the announcement and is expected to end at the earlier of the 2025 annual general meeting or until the number of shares equal to the Maximum Monetary Amount have been purchased or the process is terminated or paused. The company has outlined the parameters and regulations under which the Share Buyback will be conducted, ensuring compliance with the UK Companies Act, the Market Abuse Regulation, and the Financial Conduct Authority's Listing Rules.

This initiative reflects Aptitude's commitment to delivering high returns to shareholders while maintaining a focus on sustainable profit growth and strong free cash flow.