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Senior PLC - Hertfordshire, England-based maker of components and systems for aerospace and defence, land vehicle, and power and energy customers - Completes sale of its Aerostructures business to Sullivan Street Partners on December 31. Says disposal marks a key step in its strategy to focus on becoming a global fluid conveyance and thermal management specialist. Confirms initial net proceeds will be used to reduce net debt and fund a £40 million share buyback programme, expected to start after the closed period ends with full-year results on March 2, 2026. Chief Executive David Squires says: ‘Senior is well positioned to deliver above-market growth, increasing margins, and enhanced returns on capital with strong operating cash flow generation. We remain confident in our ability to create sustainable long-term value for our shareholders as we execute against our strategy.’
Current stock price: 208.00 pence, up 3.0% in London on Monday morning
12-month change: up 28%
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