Sage announced the commencement of its share buyback on March 11. It said on March 18 the program was suspended as the Covid-19 pandemic took its toll on the markets. The official statement was the action was  “in order to preserve a high level of liquidity.”

The buy-back was valued at about $300 million based on today’s currency exchange and was announced the same day Sage confirmed the sale of Sage Pay to Elavon. The company completed the buy-back of 1,101,918 shares, with the average somewhere around 5.9 pounds per share.

Last modified on Thursday, 26 March 2020
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