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Stock impact report

Software firm Sage Group ditches share buyback amid coronavirus outbreak [Reuters]

SAGE GROUP UNSP/ADR (SGPYY) 
NASDAQ:AMEX Investor Relations: sage.com/corporate/investors
Company Research Source: Reuters
Software firm Sage Group ditches share buyback amid coronavirus outbreak March 18 (Reuters) - British software company Sage Group said on Wednesday it has suspended its share buyback plan to preserve liquidity following the coronavirus pandemic. “Whilst the impact of COVID-19 on Sage’s business performance to date has been limited, the Board believes that given the highly uncertain economic outlook it is prudent to suspend the share buy-back,” the company said. The company had planned to return 250 million pounds ($294.58 million) to shareholders. Show less Read more
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