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(Alliance News) - Helios Underwriting PLC shares rose on Wednesday, after it said it will buy up to GBP3.7 million in shares.
Helios Underwriting is an investment vehicle, which provides shareholders with participation in the Lloyd's insurance market. Its shares were 5.8% to 169.20 pence each in London on Wednesday morning.
Since Helios announced its first buyback programme back in August, it has repurchased 2.8 million shares worth GBP4.0 million.
The new buyback will begin on Wednesday, and will be financed with Helios Underwriting's existing cash resources.
By Sophie Rose, Alliance News senior reporter
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