Brief: Syncona Launches Share Buyback Of Up To 40 Mln Stg

Syncona

29/09/2023 07:17

Sept 29 (Reuters) - Syncona Ltd  SYNCS.L :
    * LAUNCHING A SHARE BUYBACK PROGRAMME OF UP TO £40.0 MILLION
    * BELIEVES CURRENT SHARE PRICE "MATERIALLY UNDERVALUES
SYNCONA'S
PORTFOLIO AND ITS PROSPECTS"
    * CONTINUES TO ANTICIPATE DEPLOYMENT INTO PORTFOLIO AND
PIPELINE
AT FINANCIAL YEAR END WILL BE £150-200 MILLION
    * CURRENT MARKET CONDITIONS MAY PROVIDE OPPORTUNITIES TO
ALLOCATE
CAPITAL TO CLINICAL STAGE ASSETS OUTSIDE CO'S PORTFOLIO

Source text for Eikon:  ID:nRSc0851Oa 
Further company coverage:  SYNCS.L 

 ((Reuters.Briefs@thomsonreuters.com;))