Keywords Studios PLC on Wednesday said Apex Financial Services (Trust Co) Ltd, the trustee of its employee benefit trust, will extend its market purchase programme to €15 million.

The London-based global video games technical and creative services provider said it intends to purchase up to a further €10 million, including all transaction costs, during the second half of 2023.

This was after completing the buyback of an initial tranche of 182,371 shares, valued at €5 million, on May 31.

The programme was first announced with Keywords’ annual results in March 2023.

Keywords said all repurchased shares will be used to satisfy further exercises or transfers of long-term incentive plans, stock options, or restricted stock units related to the relevant share plan.

Shares in Keywords were up 1.4% to 1,967.00 pence each in London on Wednesday late morning. The company has a market capitalisation of £1.56 billion.

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