Reglikedomain industry desk

Machines has completed 1/3 of planned £15 share buyback — Minds +

Machines has completed 1/3 of planned £15 share buyback — Minds +

Firm purchased another two million shares yesterday, bringing total to 59 million.

Minds + MachinesFresh top level domain name firm Minds + Machines bought another two million of its own shares for cancellation yesterday, pushing its total buybacks to £5.1 million to date.

The firm disclosed an up-to £15 million share buyback program in September, and has now spent regarding a third of the total within the first three months.

To date, the firm has purchased approximately 59 million shares, reducing its total outstanding shares to 777 million. By purchasing and cancelling the shares, the remaining shares represent a slightly larger percentage of the firm.

Minds + Machines has purchased the shares on the open market, mostly for prices in the 8-9 pence range. Yesterday’s purchase was for 8.35 pence.

The firm trades on the London AIM under the ticker MMX.

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